EL 31456, EL 31508, EL 31509, EL 31510, EL 31589, EL 31737 Amadeus Project Group Annual Report 1 August 2017 to 5 November 2018

Abstract

The Amadeus project comprises of six contiguous exploration licences ELs 31456, 31508, 31509, 31510, 31589, 31737. EL 31737 is included in the report for reference however is not formally due for reporting until 4th January 2020. Amalgamated Group Technical reporting was granted for the project under title GR489 on 15th August 2018. This is the first report lodged by BMEx for the Amadeus project. The land holding covers 2,998 sq km approximately 100km south of Alice Springs in the Eastern Amadeus basin. The current 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. Work was completed on all licenses within this reporting period. Work consisted of stakeholder access negotiations including the finalisation of an exploration agreement with local traditional owners, historical data compilation, desktop reviews and reconnaissance access, geochemistry and geological mapping. Multi element geochemical assay results for 122 rock chip samples are included in this report, with an additional 21 sample results from EL 31737 due for reporting in the 2020 group report. Specific focus by BMEx was on the Maryvale zinc Trend and Deep Well cobalt anomaly.