Calvert Project Annual and Final Technical Report 29 October 2018 to 7 October 2019

Abstract

The Calvert Project comprises two tenements; EL 31787 (Calvert Hills) and EL 31788 (Pear Tree), both were granted on 29/10/18 and held for 12 months before being surrendered. The tenements were two 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 (Figure 1). Work in the first twelve months consisted of a desktop review of previous exploration, including compilation of previous exploration data. A 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 circular features possibly indicating mineralised breccia pipes visible in satellite imagery, worthy of further investigation on EL 31788 and cobalt stream sediment anomalism proximal to the regionally significant Calvert Fault on EL 31787. While base metals prospectivity of the tenure is recognised the tenements were surrendered on the 7th of October 2019 after a companywide strategic review of assets.