EL 27806 Tanami Project Annual Technical Report for the period 14 July 2013 to 13 July 2014

Abstract

This report discusses exploration activities on EL 27806, located c. 610km north-west of Alice Springs, Northern Territory, for the fourth year of tenure, covering the period 14th July 2013 to 13th July 2014. During the current reporting period, Ramelius Resources Ltd entered into a Farm-in Agreement with Tychean Resources Limited, comprising the Tanami Joint Venture, which includes EL 27806. Ramelius are operators of the project and can earn an 85% Joint Venture Interest in the tenement package by sole funding $500,000 over 3 years. No fieldwork was carried out on the license during the reporting period. Work completed included compilation and interpretation of all historical exploration and open file government data, resulting in a geological interpretation and targeting strategy for the project. During the next 12 months planned exploration activities include geological reconnaissance (including collection of rock-chip samples), regolith mapping (to gauge the effectiveness of historical sampling) and a re-interpretation of available aeromagnetic data to gauge the significance of the known mineralisation within the Talbot North area. Drill-testing may be planned for the following 12 months.