Group Annual Report GR160-10 EL 9763, 10355, 10411, 22229, 22378, 23342 Cave Hill Project from 24 July 2013 to 23 July 2014

Abstract

Exploration Licences 9763, 10355, 10411, 22229, 22378 and 23342 form the Cave Hill Project, which is located approximately 650 km northwest of Alice Springs (Figure 1). On 30 March 2010, Tanami (NT) Pty Ltd (TNT), a wholly owned subsidiary of Tanami Gold NL, purchased the tenements from Otter Gold NL (Otter) a wholly owned subsidiary of Newmont Asia Pacific. TNT is exploring the project area for gold. In the year ending 23 July 2014 limited on ground work was undertaken within the Cave Hill Project due to in part the significant reduction in the company's employees leading to challenges in facilitating on ground exploration. A prolonged wet season also lead to the unsuccessful attempts to reach the tenements (area is relatively low-lying). The 2013 surface sampling program highlighted interesting gold anomalies within EL 22229 and EL 23342. A RAB program has been designed to follow up this program and planned for the end of the year 2014. The approval from the CLC for the site disturbance at this tenement is pending.