Officer Hills South Project EL 27995 Annual Technical Report for the period 18 November 2017 to 17 November 2018

Abstract

This report discusses exploration activities on EL 27995, located c. 540km north-west of Alice Springs, Northern Territory, for the third year of tenure, covering the period 18th November 2017 to 17th November 2018. 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 have earned an 85% Joint Venture Interest in the tenement package. Drill testing of target areas on EL 27995 was planned for the 2018 field season. However, owing to a change in the company's exploration focus, a review of the Tanami projects was conducted during 2018, and the overall tenure rationalised. EL 27995 was recognised as having significant untested exploration potential and was retained as the company's sole tenement in the region. The planned drilling will now be completed during 2019 field season.