Suplejack Project EL 26625 Annual and final technical report for the period 24 May 2011 to 16 November 2018

Abstract

This final and annual report summarises exploration activities on EL 26625, located c. 575km northwest of Alice Springs, Northern Territory, for the period of tenure, covering the period 24th May 2011 to 16th November 2018. EL 26625 was granted to Tychean Resources Ltd (Tychean; formerly ERO Mining Ltd) on 24th May 2011 for a period of 6 years. During the 2014-2015 reporting period, Ramelius Resources Ltd entered into a Farm-in Agreement with Tychean Resources Limited, comprising the Tanami Joint Venture, which includes EL 26625. Ramelius are operators of the project and have earned an 85% Joint Venture Interest in the tenement. The target commodity of EL 26625 is gold. The tenement contains several prospective targets in Tanami Group basement rocks. These target areas underlie substantial thickness of Cambrian and Tertiary cover, which has largely precluded effective exploration in the past. Work carried out on the license during the period of tenure included: Office studies including a data review and target generation; RC drilling (72 holes for 6579m); and rehabilitation of disturbed areas. No exploration was completed during the final period of tenure (24/5/2018 to 16/11/2018). The tenement was surrendered on 16th November, 2018.