Annual Report for Rum Jungle EL 26094 for the period 6 May 2015 to 5 May 2016

Abstract

EL 26094 is located in the Rum Jungle area and is considered highly prospective for gold and base metals. The area has been moderately explored due to its proximity to known resources and two gold prospects (Highlander, De Monchaux) are recorded within the licence. There are numerous prospects and mines nearby covering various commodities. Regalpoint has mainly focused on the Highlander Prospect where gold has been recorded in north-trending quartz veins over a strike exceeding 2000 metres. Shallow RC drilling by Regalpoint in 2011 confirmed historic results with a best intersection of 6 m at 3.91 g/t Au including 1 m at 13.1 g/t Au. In June 2014, Regalpoint was notified by the Northern Territory Department of Mines and Energy that parts of EL 26094 are within the Adelaide River Offstream Water Supply (AROWS) catchment and so more than half the tenement was voluntarily relinquished. The remaining parts of the licence retain the known gold prospects at Highlander and De Monchaux. Planned exploration includes further drilling at the Highlander Prospect. No fieldwork was carried out on the Rum Jungle Project during the period. Regalpont completed desktop review, drill hole planning, report writing and MMP update