Annual Report EL 30090 SXB Project 28 January 2015 to 27 January 2016

Abstract

EL 30090, part of the SXB Project, located about 75kms northeast of Alice Springs lies west of EL 28045 which hosts the main area of historic small scale mining associated with a north trending zone of intense tectonism of the Wollanga Lineament. Local geology is dominated a pelitepsammite-acid volcanic sequence assigned to the 1810 - 1800Ma Cadney metamorphics, Aileron Province, Strangways Metamorphic Complex, southeast Arunta Inlier. During the past year no office or field exploration work was done on EL 30090. During that time Davenport Resources has undergone a complete change in management. Previously a wholly owned subsidiary of ASX listed Arunta Resources Ltd, Davenport is now an independent unlisted public company following an in-specie distribution of shares to Arunta shareholders. The company is currently raising capital and preparing a prospectus. It intends to re-commence exploration when the initial public offer and ASX listing is completed. Recommendations for future exploration on the EL 30090 section of the SXB Project include mapping and rock chip or soil sampling and if the results warrant it a gravity survey with a focus on identifying potential IOCG targets. In addition field reconnaissance will sample recorded pegmatites for spodumene as a possible lithium source.