Partial Relinquishment Report for EL 30846 reporting period 24 March 2016 to 29 July 2019

Abstract

On 24th March 2016, MMG was granted exploration tenement EL 30846 comprising 114 blocks in its Letterbox prospect area of the McArthur River basin. This tenement along with 21 others formed its South Batten amalgamated group reporting project GR432. Exploration Licence 30846 was partially cancelled under section 105(I)(b) of the Mineral Titles Act 2070 (MTA) on 29 July 2019. Blocks cancelled were SE53908 F, G and L. The primary exploration target for MMG was zinc-lead deposits in black shales of the McArthur Group. Initial field reconnaissance was conducted in 2016 and 2017 to assess access into areas for proposed drilling and program logistics. Exploration activities consisted mainly of desktop studies and field reconnaissance exercises in the Tanumbirini, Letterbox and Glyde River areas. In 2017 the planned MMG exploration program for the South Batten Project experienced significant landowner and aboriginal heritage survey delays that negatively impacted on the amount of field work completed during this reporting period. An external consultant was engaged in 2018 to develop a detailed structural history and solid geology interpretation of the Glyde area using regional-scale geophysical datasets and camp-scale surveys (Falcon GD and GeoTEM). In 2018 the learnings to date were used to design a major field campaign in 2018 including ground geophysics (IP) at Tanumbirini and a proposed heli-rig drilling program at Glyde River. Unfortunately ground disturbing exploration activities in the South Batten Group Reporting area experienced significant delays due to long wait times on obtaining AAPA cultural heritage clearance surveys and a Mine Management Plan. In 2018 helicopter supported field reconnaissance and surface sampling was undertaken on the South Batten Group Reporting tenements, there was no ground disturbing works (drilling or IP surveys).