EL 28620 Barkly Annual Report reporting period 16 December 2013 to 15 December 2014

Abstract

This report details exploration carried out in the 2013?14 reporting year at Meteoric Resources NL's EL 28620 which was granted on 16 December 2011. The Barkly project comprises only EL 28260 in the Tennant Creek area of the Northern Territory as shown in Figures 1 and 2. Figure 1 shows the regional setting and Figure 2 shows the tenement details. The target commodities are copper and gold. EL 28620 comprises 13 blocks covering an area of 39.16 km2, situated 45 km east-northeast of the Tennant Creek township, south of the Barkly Highway and falls within the Gosse River (5858) and Tennant Creek (5758) 1:100 000-scale map sheets. The tenement is within NT Portions 494 & 1075, Perpetual Pastoral Lease 1142, Tennant Creek Station. Mining Leases 57 and 217-224 contain an Exclusion Zone encompassing unusual outcropping rocks deemed to be a fairly sensitive registered sacred site (Fig. 1). Negotiations with the CLC (Central Land Council) are ongoing regarding access. The northern part of EL 28620 can be reached from Tennant Creek township by driving along the Barkly Highway, and thence via secondary unsealed tracks to the south. Access into the central part of the tenement is gained via the Lonestar track to the Gigantic mine and then along secondary tracks from the Tennant Creek township or from the old Overland Telegraph Station. Access to the southern region of the Licence area from the Tennant Creek Township is via the sealed road to the Peko and Nobles Nob mines, and then via the unsealed Gosse River Road. A network of unsealed tracks provides reasonable vehicular access to the remainder of the tenement. The climate of the project area is semi-arid with a mean annual rainfall of about 460 mm, with rainfall mostly in the period November to March. Temperatures are moderate to high in the summer months with an average of 18.8 days per year over 40C between October and March and the winters are mild with the lowest temperature recorded being 4.5C during the month of July. The topography of the project area is dominated by hilly ridges separated by flat to undulating areas of sheet wash and soil-covered areas. Vegetation is dominated by spinifex with local patches of low to medium Eucalyptus woodland and areas of salt-tolerant shrub.