Partial surrender report for EL 30708 Montejinni Copper Project

Abstract

EL 30708 is located near Top Springs in the Northern Territory has abundant anecdotal and physical evidence of copper rich float within and outside of the current exploration leases, recorded by both the current lease holder and within the historical exploration reports. In addition to a reinterpretation of open file data in 2017, limited field reconnaissance work in this period has allowed Zero Group to confidently determine those areas that are considered more prospective. This will allow the Company to focus resources and funding into other areas that remain a priority for exploration, whilst at the same increasing savings associated with the reduction of the operational footprint. In consideration of this, the total footprint of the tenement has been reduced to a total of fifty-seven (57) blocks, comprising 187.13 km2 total extent. The surrendered area includes the EL 30708 'Sliver of Blocks' referred to by blocks SE52502Z, SE52574E, SE52574K, SE52574P and SE52574U.