EL 28615 Donkey Creek Project Fourth Annual Report for the period 1 November 2014 to 31 October 2015

Abstract

The Donkey Creek project consists of a single exploration licence EL 28615, located 280km north of Alice Springs. Bowgan Minerals Limited is the owner and operator of the project. Exploration is currently aimed at identification of potential occurrence of economic base metal, silver and gold mineralisation within metasediments of the Proterozoic Hatches Creek group within a volcanic massive sulphide (VMS) or sedimentary exhalative (SedEX) depositional setting. Targeting of potential extensions to the known resource at the nearby Home of Bullion comprise a major part of the exploration strategy to date. Exploration work was completed on EL 28615 during the reporting period included; completion of a site visit to document site rehabilitation work conducted at 4 drill hole sites and commencement of an office-based review of results from exploration work completed during the previous reporting period by Kidman Resources. This work is currently on-going.