Farrands Hill Project Partial relinquishment report for the period 27 March 2006 to 16 January 2017

Abstract

This report describes exploration activities primarily for gold undertaken by Northern Star (Tanami) Pty Ltd and previous operators over the partially relinquished portion EL 22061 as part of the Farrands Hill Project GR183/11 between grant date on the 27 March 2006 until partial relinquishment on the 16 January 2017. The centre of the Project area is located approximately 550 km northwest of Alice Springs along the Tanami Road to Rabbit Flat thence 12 km northeast via exploration tracks. The tenement is also located approximately 42 km east-southeast of the Company's Central Tanami Project gold processing plant which is currently under care and maintenance. Work completed over the partially relinquished portion of the tenement by previous operators and Northern Star (Tanami) Pty Ltd comprised: data reviews; soil and chip sampling; a regional soil geochemical analysis; MIRA depth of cover analysis with assessment of regional tectonostratigraphy of the Tanami; and a preliminary regional structural interpretation. Following NST's 25% acquisition and farm-in of the Central Tanami Project from Tanami Gold (NT) Pty Ltd in early 2015, work completed by Northern Star (Tanami) Pty Ltd has resulted in the identification of 3 out of 13 blocks to be non-prospective for gold and consequently partially relinquished in January 2017. There are 10 remaining contiguous blocks of EL 22061.