Highland Rocks Project EL 29829 Annual and Final Technical Report for the period 18 November 2017 to 16 November 2018

Abstract

This final and annual report summarises exploration activities on EL 29829, located c. 530km north-west of Alice Springs, Northern Territory, for the period of tenure, covering the period 18th November 2015 to 16th November 2018. Exploration License EL 29829 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 29829 is gold. The tenement contains several prospective targets in Tanami Group basement rocks. Work carried out on the license during the reporting period included: Target generation; Reconnaissance geological mapping; Surface geochemical sampling. This work identified anomalous results that warrant follow-up sampling; Vacuum drilling; Air-core drilling. No exploration was completed duringthe final period of tenure (18 November 2017 to 17 November 2018). The tenement was surrendered on 16th November, 2018.