Mount Peake Project Final Report EL 23271, 22 October 2002 to 8 August 2012

Abstract

Exploration Licence 23271 was granted to Tennant Creek Gold (NT) Pty Ltd (TCG) on the 22/10/2002, and was set to expire on 21/10/08. On 29 May 2007, TCG transferred the licence ownership to Enigma Mining Ltd (Enigma), another wholly owned subsidiary of TNG Ltd. EL 23271 was renewed for a period of two year until 21 October 2010 and again until 21 October 2012. In August 2012 EL 23271 was amalgamated entirely with the southern Mount Peake licence EL 23074 and a new licence number assigned (EL 29578). EL 29578 was granted on 8august 2012 and EL 23271 ceased on 8 August 2012. A number of regional geophysical reviews have resulted in drilling of specific anomalies within EL 23271. Programmes have been undertaken across licence that provide encouragement that higher mineralised zones may exist within the licence, similar to those which define the Mount Peake Fe-V-Ti deposit to the south. All continued work on the licence area will take place under EL 29578. Detailed accounts of all exploration activites, consultant reports and data have been submitted in Annual Reports for EL 23271 from 2002 onwards, including two Group Annual reports covering the Mount Peake Project Area in 2012 and 2013. This report summarises all exploration undertaken on EL 23271 since grant in 2002.