ML 30414 Annual Report 2016 to 2017

Abstract

On the 20th September 2004 MCS's 245 - 249 were granted to Chambigne Resources Pty Ltd, Corporate Developments Pty Ltd and Mr. John Benger, a joint venture of the parties on EL 7914. Chambigne Resources Pty Ltd later bought out the interests of Corporate Developments and Benger. Inminerals Pty Ltd subsequently bought out the interest of Chambigne Resources Pty Ltd in these Mineral Claims and then owned a 100% interest. In July 2014 the Department of Mines notified Inminerals the five mineral claim titles MCS's 245 - 249 had been replaced with a single mineral lease title ML 30414. The accompanying title map was incorrect and this was brought to the departments attention and the correct coordinates were subsequently found and re-mapped. The original exploration license for this title was EL 7914 and is dominated by the Irindina Gneiss and its various compositionally heterogeneous members, subunits and enclaves. The gneiss proper, and the Riddock Amphibolite Member, are both garnetiferous, and comprised the source of garnets in the EL and mineral claims/lease. Garnets from the Irindina Gneiss are principally almadine-pyrope solid solutions, with minor grossular and spessartine components. These garnets are harder than almandine-rich garnets from other localities in Australia and overseas, and occur in relatively large detrital grains, in economic concentrations in various alluvial and other detrital deposits. The mineral lease area is quite viable as part of the garnet sand operation planned by Inminerals Pty Ltd in the Harts Range area. The majority of Inminerals internal resources in recent times are being utilized in the corporate arena.