ML 30815 Blue Moon Final report to 10 July 2018

Abstract

This Final Report records exploration work done on ML 30815 up to 10 July 2018. Recent exploration carried out although not direct to ML 30815 it was regional work which had strong implications for the title. The work was carried out over a large area and included ML 30815 as part of the Billy Boy Group (including ML 22284 which encompasses ML 30815) and is detailed below for reference to the subject titles prospectivity. The exploration conducted included interpretation and generation of drill targets from the detailed airborne magnetics survey completed in 2014. During 2014 and 2015, Rotary Air Blast (RAB) and Diamond (DDH) drilling was undertaken and completed. Drilling totalled 734 RAB holes for 30,654m and 5 DDH holes, totalling 766.8m. Results from the drilling were disappointing with a number of low level geochemical anomalies being identified from the RAB drilling, and were subsequently followed up with DDH drilling but again results were disappointing with no strong anomalism or economic intersection encountered. These disappointing results have downgraded the Billy Boy ML for potential economic discoveries and no further work has been scheduled. The licence ceased on 10 July 2018.