Annual report for EL 30465, reporting period 26 March 2015 to 25 March 2016

Abstract

On 26th March 2015 EL 30465 was granted to MMG Exploration Pty Ltd. EL 30465 lies within the McArthur region of the Northern Territory. The tenement is situated within the highly prospective Batten Fault Zone of the McArthur Basin. The primary exploration target for MMG is lead-zinc deposits in carbonates of the McArthur Group however MMG also recognises the potential of the Tawallah Group as a prospective host. EL 30465 is mapped as sediments from the Tawallah Group with some cover. Given the Tawallah Group has conventionally been of little interest to explorers there has been limited work conducted on the tenement. There has been no reported drilling, rock chip sampling or soil sampling, 8 stream samples were taken by Kibuka Mines Pty Ltd in 1972. In 2015 MMG conducted desktop studies to review the potential of the Tawallah Group as a prospective host for lead-zinc deposits. The proposed work program for the coming year of tenure includes further desktop review, stream sampling and reconnaissance mapping. The proposed work program will be conducted between June 2016 and May 2017.