GR244/14 Kulgera Heavy Mineral Project Group Annual Report for the period 14 January 2015 to 13 January 2016

Abstract

GMRI have continued to develop the Kulgera HM Project located in the southern part of the Northern Territory along the South Australian border. GMRI have to date committed a significant amount of expenditure culminating in a large HM mineral resource. External consultants have assisted with independent validation of the project, resource estimations, evaluation and assessment of the economic potential. During the reporting year, GMRI has received the results from bulk metallurgical test work that was carried out by Guangzhou Research Institute of Non-ferrous Metals ('GZRINM'). Field reconnaissance was also carried out in conjunction with a review of all recent and historic geochemical and drilling data. GMRI have also continued to assess the economic drivers of the project and have researched various mining methodologies and mineral processing and transportation options for the project.