Highland Rocks Project EL 27511 Annual and final technical report for the period 18 November 2015 to 16 November 2018

Abstract

This final and annual report summarises exploration activities on EL 27511, located c. 530km northwest of Alice Springs, Northern Territory, for the period of tenure, covering the period 18th November 2015 to 16th November 2018. Exploration License EL 27511 was granted to Tychean Resources Ltd (Tychean; formerly ERO Mining Ltd) on 18th November 2015 for a period of 6 years. During 2014 Ramelius Resources Ltd entered into a Farm-in Agreement with Tychean Resources Limited, comprising the Tanami Joint Venture, which includes EL 27511. Ramelius are operators of the project and have earned an 85% Joint Venture Interest in the tenement package. The target commodity of EL 27511 is gold. The tenement contains several prospective targets in Tanami Group basement rocks. Work carried out on the license during the period of tenure included: Target generation; Reconnaissance geological mapping; and Surface geochemical sampling and vacuum drilling over selected target areas. No significant gold anomalism was identified by the sampling. No exploration was completed during the final period of tenure (18 November 2017 to 17 November 2018). The tenement was surrendered on 16th November, 2018.