EL 31761 Annual and Final Technical Report 2 August 2018 to 1 August 2019 Pungalina

Abstract

The Pungalina tenement was granted on 2 August 2018 and held for 12 months before being surrendered. The tenement was one of three tenements originally applied for under Nomad Explorations Pty Ltd (now TSC Exploration Pty Ltd or 'TSC') which is fully owned by Twenty Seven Co. Limited. The tenements are thought to be prospective for copper (Cu) and cobalt (Co) hosted in breccia pipes, examples of which include the Redbank copper and Stanton cobalt deposits located adjacent to the project area. Work in the first twelve months consisted of a desktop review of previous exploration, including compilation of previous exploration data. A brief site visit was conducted to meet land owners in the region in preparation for planned field work. No other field work was completed in the period. The desktop review identified geochemical cobalt anomalies in historic stream sediments, partially coincident with circular features visible in satellite imagery worthy of further investigation.