Drilling Collaboration Final Report Newcrest Mining Ltd - Euro Project Joint Venture EL 26613 Anomaly 16 North

Abstract

This document is a submission as part of the final reporting of NTGS Geophysics and Drilling Collaboration Programme - Anomaly 16 North (2019 - 2020). The document is submitted on behalf of Newcrest Mining Ltd who is in a joint venture with Prodigy Gold NL (previously ABM Resources Ltd). On the 18th May 2018 ABM Resources (ASX: ABU) changed Company Name to Prodigy Gold NL (ASX: PRX). On the 3rd July 2018 Prodigy Gold NL and Newcrest Operations Ltd, a wholly owned subsidiary of Newcrest Mining Ltd, executed a Farm-In Agreement for Euro Project in the Tanami. EL26613, where the relevant co-funded programme was conducted, is part of the Euro Project. Anomaly 16 North diamond drilling targeted an Oberon or Callie style style fold-hosted orogenic gold (Au) system of significant bulk-tonnage. A previous diamond drill hole (A16D0001), not available in NTGS core libraries, failed to adequately test the ~2km x 1km magnetic anomaly. Newcrest remodelled the anomaly using NTGS open file survey data. The anomaly was interpreted to characterise an antiformal fold closure of Dead Bullock Soak Formation (DBS) type stratigraphy, situated along a major structural north-north-west trending structural corridor. One diamond drill hole (EUR0032) was completed to a depth of 616.9m. The drill program was conducted from 12/09/2019 to 02/10/2019. EUR0032 successfully the targeted stratigraphy characterised by arenaceous Killi Killi Formation (KKF) type sediments above a conformable sequence of lower Killi Killi Formation to Upper Dead Bullock Soak equivalent rocks. Stratigraphic comparison between EUR0032 and the Oberon prospect stratigraphy suggest the drill hole Zebra and Boudin Chert equivalent beds. Low detection multi-element analysis has facilitated regional stratigraphic fingerprinting which confirmed Anomaly 16 North stratigraphy as analogous to lower KKF and SHIM equivalent marker horizons. Observations of bedding and sedimentary younging indicators in EUR0032 characterise subvertical easterly younging (up hole) stratigraphy with antiformal fold vergence to the west. The Anomaly 16 North anomaly did not return significant Au or pathfinder (As-Bi-Te) results with a maximum Au value of 0.42ppm.