Annual exploration report GR237 EL 27737, EL 28003, EL 28487, EL 28535 Calvert Project for the period 1 April 2016 to 31 March 2017

Abstract

The Calvert Group tenements form part of Redbank Copper Limited's, Redbank Copper Project the project is located 300 km south east of the township of Borroloola near the northern Territory/Queensland border. The tenements cover a sequence of sediments and volcanics of the Tawallah Formation. The tenements are prospective for strata bound copper mineralisation, structurally controlled Cu mineralisation related to second order faulting along the Calvert Trend, and manganese mineralisation. During the current reporting period work no field work was completed within the combined reporting group tenements. A number of copper prospects had been identified by previous studies, however due to tenement rationalisation across the group a number of tenements and associated prospects were surrendered. Two exploration licences were surrendered, and partial surrenders were completed on the remaining two titles.