Group Annual Report for EL 25191, EL 25192 and EL 28785 GR269-13 South Tanami Project from 16 March 2013 to 15 March 2014

Abstract

EL 25191, 25192 and 28785 form ABM Resources NL (ABM), 'South Tanami' project which is located approximately 550 km north-northwest of Alice in the north Tanami Region of the Aileron Province (Figure 1). In 2011 an Indigenous Land Use Agreement covering EL 25191, 25192 and 28785 was successfully negotiated by ABM with the Central Land Council on behalf of the traditional owners. The tenements were granted to ABM, a publicly listed company, in January and September 2012. On 21th January 2013 the amalgamated technical reporting for the 'South Tanami' project was approved and the group reporting ID GR 269/13 was assigned. ABM explores the 'South Tanami' project for the potential of gold mineralisation. During the reporting period exploration consisted of desktop studies and in depth analysis of the 2012 field season data as ABM was focused on bringing the high-grade Old Pirate Gold Deposit at its Bonanza project into production through staged development, which commenced in June 2013 with trial mining and processing. As a result of these studies three main targets Mallie prospect area (EL 25192) plus the South Tanami 2012 survey area (EL 25192) as well as the Officer Hill-Hyatt Trend (EL 25191) and several areas of lower priority for follow up work were identified. For the Mallie prospect area the 2013/14 studies suggest that the magnetic high is caused by a thick sequence of basalt possibly representing a large fissure where basalt has ascended and that the prospective stratigraphy (reflected in the 2012 surface geochemical survey recognised anomalism) exists either side of the magnetically indicated feature. An infill surface geochemical sampling program is recommended. For the South Tanami survey area an extensional surface geochemical sampling program to the east onto the EL 28785 and to the northern part of EL 25191 is recommended. For the Officer Hill-Hyatt Trend area the 2013/14 data review interpreted the total magnetic imagery features to be an expression of fold structures at various points. As a result the review proposed that a fold nose/fault offset exists at the southern end of EL 25191 between the Officer Hill and Hyatt anomalies, providing a target for an extension of the 2012 surface geochemical sampling program. No on ground exploration was completed.