Group Annual Report for EL 25845, EL 26590, EL 26591, EL 26592, EL 26593, EL 26613, EL 26615, EL 26618, EL 26620, EL 26621, EL 26622, EL 26673, EL 27604 GR283-13 Euro Project from 31 July 2013 to 30 July 2014

Abstract

EL 25845, 26590, 26591, 26592, 26593, 26613, 26615, 26618, 26620, 26621, 26622, 26673 and 27604 form ABM Resources NL (ABM), 'Euro' project which is located approximately 550 kilometres northwest of Alice in the Tanami Region (Figure 1). In 2012 an Indigenous Land Use Agreement covering project tenements was successfully negotiated by ABM with the Central Land Council on behalf of the traditional owners. The tenements were granted to ABM, a publicly listed company, on the 14 Dec 2012. On the 22nd February 2013 the amalgamated technical reporting for the 'Euro' project was approved and the group reporting ID GR 283 -13 assigned. ABM explores the 'Euro' project for the potential of gold mineralisation. Exploration consisted predominantly of regional desktop studies, including geophysical and geological interpretations. The compilation work of historical surface sampling data and drill hole data sourced from open file reports was continued. A one day field trip was conducted to assess ground conditions for potential drill sites on EL 26590. ABM applied for, and secured, the joint funding for an exploratory, proposed diamond core hole (Hole ID Dune DD0001, 603,160mE and 7,754,460mN, 200m deep, Azimuth 180, Dip 60) with the Northern Territory Government's 'Geophysical and Drilling Collaborations' funding program. The hole was planned to be drilled in the second half of 2014. In June 2014, following the grant of the joint funding for Dune DD0001, an amended 2013 Work Program - the 2014 Work Program- was submitted to the Central Land Council. At the time of writing this report the CLC was still processing the application to enter the non Dune subproject) tenements. As a result no on-ground work on these tenements has been conducted.