EL 31456 Amadeus Project Annual Report 6 November 2018 to 5 November 2019

Abstract

The Amadeus project comprises of six contiguous exploration licences ELs 31456, 31508, 31509, 31510, 31589, 31737. This is the annual report for the second year of EL31456. Amalgamated Group Technical reporting was granted for the project under title GR489 on 15th August 2018, however due to the inability to raise money for green field exploration, all other tenements within this project have been relinquished. The project holding covered 2,998 sq km, with EL31456 consisting of 553 sq km of this. It is approximately 100 km south of Alice Springs in the Eastern Amadeus basin, with the Titjikala road dissecting the Eastern margin of the EL. The project area was targeted after a systematic analysis of the Northern Territory Geological Survey's database of exploration data extending back to the 1960's, and review of the COBRA report highlighting a first order zinc and cobalt anomalism in a favourable environment for mineralisation. The Amadeus Basin is part of an extensive belt of Neoproterozoic rocks which extends from the Paterson Province in northern Western Australia through to the eastern Amadeus Basin, east of Alice Springs. The Paterson Province hosts the Telfer gold mine and Nifty copper mine and Maroochydore copper deposit. The Paterson Province and Amadeus Basin also share equivalent age, geology and tectonic history to the Neoproterozoic African Copper Belt Basins. Major zinc discoveries in African Neoproterozoic Belts include Skorpion and Kipushi. The Amadeus Basin, while sharing an equivalent geological history as the Paterson Province and the African Copper Belt, has received only a fraction of the exploration activity, most of which was completed in excess of 20 years ago. Due to the prolonged economic downturn and lack of investor appetite for green field exploration, BMEx has had to rationalise its tenement holdings globally. Reporting was not expected until Q3 2020 due to the amalgamated reporting status previously held. The subsequent relinquishment of the remaining ELs has reset this. Work completed within this reporting period was limited to the planning of work, with the results from the previous reporting period warranting the design of a field program scheduled for completion in Autumn 2020. This will include follow up localised systematic sampling and mapping of the Maryvale zinc trend.