Officer Hills South Project EL 27995 Annual Technical Report for the period 18 November 2015 to 17 November 2016

Abstract

This report discusses exploration activities on EL 27995, located c. 540 km north-west of Alice Springs, Northern Territory, for the first year of tenure, covering the period 18th November 2015 to 17th November 2016. During 2014, Ramelius Resources Ltd entered into a Farm-in Agreement with Tychean Resources Limited, comprising the Tanami Joint Venture, which includes EL 27995. Ramelius are operators of the project and can earn an 85% Joint Venture Interest in the tenement package by sole funding $500,000 over 3 years. Work carried out during 2016 comprised a compilation and assessment of all open-file data, aeromagnetic interpretation and target generation. No on-ground activities were conducted. Concealed Dead Bullock Formation stratigraphy, in the eastern part of the license, is worthy of follow-up. A limited vacuum or RAB drilling programme, to assess the structure under colluvial cover, is planned.