Group Annual Report for EL 30868, EL 30869, EL 30846, EL 30845, EL 30980, EL 30981, EL 30923, EL 31014, EL 31044, EL 30844, EL 31100, EL 30948 and EL 30950, reporting period 1 March 2016 to 31 December 2016

Abstract

Between 3 March 2016 and 25 July 2016, MMG was granted 13 exploration tenements in the McArthur Basin. These have been combined as the South Batten Group Reporting area. The primary exploration target for MMG is zinc-lead deposits in black shales of the McArthur Group. Initial field reconnaissance was conducted in July 2016 to assess access into areas for proposed drilling, and program logistics. Exploration activities consisted of a 61-sample stream sediment program in the 'Tanumbirini' area and of 3 rock chip samples in the 'Letterbox' area. Desktop reviews of historical reports and re-sampling of seven exploration drill holes were also carried out in 2016. The learnings from 2016 have been used to design a major field campaign in 2017 including surface mapping and sampling and the drilling of several exploration diamond drill holes including one at Tanumbirini and up to ten at the Letterbox and Glyde River Prospects.