Annual report for EL 30952 for the period 5 November to 4 November 2016, Walker River

Abstract

EL 385 was applied for in 1972 by CRA Exploration Pty Limited (CRAE). Partial consent of the application area resulted in the granting of two separate licences (EL's 385 and 24304) in June 2004. EL 30952, a moratorium application resulting from EL 385, was granted on the 5th of November, 2015. The tenement area is located approximately 180 km south-west of Nhulunbuy, and 80 km north of Numbulwar in south east Arnhem Land on Aboriginal Land Rights Act 1975 (ALRA) land managed by the Northern Land Council (NLC). The tenement is considered prospective for zinc, laterite aluminium and manganese. In January 2014 Rio Tinto Exploration and DPG Resources Australia Pty Ltd entered into an Earn In and Joint Venture Agreement with DPG managing the tenements. This applies to EL 30952 as well as EL 385 and 23565 and 24305 and ELA, 844, 5561, 24305, 27919, 27920, 30953, 30954,30955, 30956, 30957 and 30958. DPG Resources Australia Pty Ltd is a wholly owned subsidiary of GPM Metals Inc which is listed on the TSXV. Work conducted during the year was conducted from the camp on EL 24305 and included a report by D Jones, World View 2 Satellite Imagery purchase and processing, access reconnaissance on ground assessment with access by helicopter.