EL 31000 Annual and final report for period ending 10 April 2017

Abstract

EL 31000 was acquired by Red Metal Limited to investigate airborne magnetic anomalies within the Neoproterozoic Eastern Arunta Province (Irindina Province), considered to have potential for copper-nickel mineralisation in a continuation of the new style of pyrrhotite copper-cobalt mineralisation discovered in the region by Mithril Resources. The work carried out on EL 31000 during the first year of tenure included a review of geology and existing geophysical data. Red Metal's work in adjacent tenements suggested the potential for mineralisation was limited and it was decided to surrender EL 31000.