Carrara Project Group Report GR329 for the period 21 January 2019 to 20 January 2020

Abstract

This document is submitted as a group report (GR329) for EL's 29793, 29794 and 30665 which comprise the Carrara Project. The Carrara project is deemed prospective for shale-hosted massive sulphide deposits (SHMS) containing zinc (Zn), lead (Pb) and silver (Ag). The Project area hosts lateral equivalents to the Lawn Hill Platform's Upper McNamara Group members, which hosts the world class Century deposit. The Carrara project EPM's were first applied for in 2012 following a preliminary desktop study by Teck's Zn Generative team. No field activities were undertaken on the licence block during this reporting period. Desktop work was limited to the integrated interpretation of five seismic lines released by Geoscience Australia in March 2018 across the South Nicholson Basin. Diamond drillhole CRDD001 was utilised to interpret the depth to prospective stratigraphy and refine the position of the Little Range Fault (interpreted as a critical growth fault controlling sub-basin formation). The seismic results were integrated with previous Teck collected geophysical and geological data, regional geophysical surveys and historic work to evaluate prospective stratigraphy at explorable depths. Interpretation included defining the regional tectonic, structural & depositional trends from seismic interpretation, depth to prospective stratigraphy and some preliminary 3D modelling to narrow down the residual prospective space. After this extensive review areas no longer considered prospective for sediment hosted massive sulphide (SHMS) Zn-Pb-Ag deposits at explorable depths were rationalised and surrendered. This included a partial relinquishment of EL 20665 and full surrender of EL's 29557, 29560, 30816 and 31538. Further integration of data and in-house review concluded that all remaining Carrara ground shall be surrendered in full as the mineral potential was deemed too low.