Year 2 Reduction Report Exploration Licence 31627 Tea Tree Creek for the Reporting Period 20 August 2018 to 19 August 2020

Abstract

EL 31627 is part of Treasure Creeks new Tennant Creek tenement package and is part of an overall exploration strategy targeting iron oxide copper gold mineralisation in the region. At the end of year 2 36 blocks were relinquished, this report covers exploration activities on the relinquished ground for the duration it was held. The company has undertaken significant historical, geological and geophysical data review all the tenements in this area with over 100 historical reports downloaded but work is ongoing. No exploration was done on the relinquished ground during the period it was held. The ground relinquished was not deemed prospective for Warramunga equivalent units however it may have been prospective for extensions for Kurinelli Gold mineralising structures and rock units but was not deemed the high potential for our current exploration strategy.