Combined Annual Report EL 29787 and EL 29903 for the period 8 July 2017 to 7 July 2018 GR376

Abstract

Lake Lewis Project, incorporates the EL 29787 and EL 29903, is situated about 200 km westnorthwest of Alice Springs on the NAPPERBY 1:250,000 Geological Series Map Sheet, SF 53-9 map sheet. The EL 29787 is comprised of 48 blocks and was granted on July 8th 2013 to Piper Preston Pty Ltd (now a wholly-owned subsidiary of Wildhorse Energy Ltd). The prime commodity sought is Sulphate of Potash (SOP); however, as this mineral does not naturally or directly crystallise from salt lake brines the exploration rationale is based on systematic exploration, evaluation and confirmation of replenishable brine resources contained in the tenement proper, prior to mineral process engineering evaluations and establishment of recoverable SOP from mineral brine resources. During the reporting period SLP undertook an internal desktop review of geophysical data and survey planning and definition of the exploration target, by a consultant hydrologist for the project. Proposed work for the following year will involve systematic geological mapping, grid-based pit water sampling campaign and follow up desktop hydro-chemical modeling and preparation of scientific reports.