Annual Report GR286 MLN 542, MLN 543, MLN 512, MLN 513, MLN 514 and MLN 515 period ending 31 December 2015

Abstract

Mineral Leases (ML) N512, N513, N514 and N515 are located 6 km east of the town of Batchelor, 85 km south of Darwin. All 6 leases form part of the Batchelor project owned and operated by Korab Resources Ltd. Other than reconnaissance of the potential drill locations, no field work was carried out on the leases during 2015. Korab was active in this area during 2015 on the EL 29550 which surrounds these leases. Work conducted during the year primarily consisted of review of historical surface geochemical data, outcrop mapping, review of historical drill data, review of the geophysics (government TEMPEST data and private ground magnetics) and planning of new drill holes. Minor mapping of outcrops was also undertaken as part of the reconnaissance. MLN 542 and MLN 543 are located 2 km east of the town of Batchelor. 2 leases form part of the Batchelor project owned and operated by Korab Resources Ltd. No field work was carried out on the leases during 2015. The work done during the year comprised review of historical drill and surface geochem data, review of TEMPEST geophysics and structural data, review of development options for Sundance gold deposit, planning of additional drilling. Korab was active in this area during 2015 on the other tenements that it holds in the Batchelor Project.