Final Report EL 29579 8 March 2013 to 30 March 2020

Abstract

This report details exploration activities completed within tenement EL 29579 'Jervois North' by Core Lithium Ltd (CXO) from 2013 to 2020. EL 29579 is comprised of ten blocks located 250 km east-northeast of Alice Springs. The Jervois District in Central Australia has long been recognised as a highly prospective poly-metallic system with potential for high-value targets including stratiform high-grade copper associated with intense magnetite alteration, stratabound base-metal and silver mineralisation associated with calc-silicate lithologies and lower valued tungsten mineralisation. The Project area is dominated by parts of the Aileron and Irindina Provinces as well as the Georgina Basin. The basement in the area consists of sedimentary and igneous rocks of the Aileron Province of Paleo-Proterozoic age (1865 - 1500 Ma). The rocks have been metamorphosed to upper green-schist to lower amphibolite facies during the Strangways Orogeny (1740 - 1690 Ma). In 2014 EL 29579 was included as part of a CSIRO recommended Airborne Electromagnetic (AEM) survey which was to provide data for a collaborative research study between CSIRO and CXO. The study was to investigate the application of integrated analysis of magnetics and AEM data towards assisting in identifying exploration targets in the area. Issues encountered when processing data largely contributed to the premature conclusion of this joint study before any useful findings could be gained. In recent years of reporting, exploration activities in EL 29579 have been limited to office-based studies due to a substantial commitment of resources and funds by CXO to the Finniss Lithium Project area, proximal to Darwin. Following a review of CXO's exploration tenure holding in the NT the company has decided to relinquish this license so it can focus on progressing the Finnis Lithium Project.