Group Annual Report for EL 23888 Stafford and EL 28083 Stafford SE, Reynolds Range Project from the 5 September 2013 to 4 September 2014

Abstract

As ABM focused on bringing the high-grade Old Pirate Gold Deposit at its Bonanza project into production through staged development, which commenced in June 2013 with trial mining and processing, it started to implement its divestment policy including EL 28083, EL 23888. In November 2013, as part of ABM's 2013 divestment policy and its commitment to regional exploration programs, ABM reached an agreement with Clancy Exploration Ltd whereby Clancy will have the option to acquire 100 percent of ABM's interests in the North Arunta Regional Projects, which EL 28083 and EL 23888 forms a part of. In March 2014 ABM conducted a reconnaissance trip to introduce Clancy representatives to the ground in general as well as to the Mt Stafford and Coniston Tin workings, Yataghan, Sabre and Assegai Prospects in particular. Clancy commenced a substantial program of compilation and re-processing of potential field datasets covering an Area of Influence (AOI) in the Tanami - North Arunta region, which includes the Reynolds Range project. This work was undertaken by Fathom Geophysics. Public domain data and 7 closed file ABM surveys of Total Magnetic Intensity (TMI) data was processed using the differential Reduced to the Pole method to produce a selection of images for a later stage interpretation. The program of compilation and re-processing rediscovered a previously overlooked helimagnetic survey, flown in 1996 by Normandy. It was recommended that the high-resolution dataset should be integrated into the regional and detailed magnetic grids for Reynolds Range Project.