Annual Technical Report - Year Fifteen EL 23722, 18 September 2017 to 17 September 2018

Abstract

EL 23722 (the licence) is located approximately 60km South of Darwin and has an area of 5 square kilometres. The licence area sits within the highly prospective and resource rich Pine Creek Orogen. The area is known to host various commodities, which includes copper, lead, nickel, zinc, cobalt and uranium. Northern Territory Resources (NTR) has entered into an Agreement which has been assigned to Doe Run Australia NL (DRA). During the reporting period a LiDAR survey was flown over all of the NTR tenements. A detailed investigation was also conducted on existing known targets, focusing on exploration potential of the southern tenements within the NTR land tenure. As well, a land owner identification study was completed for all of the southern tenements. These activities were completed to validate and strengthen the current geologic and geophysical interpretation of the tenements in order to determine the economic potential and plan future exploration.