Annual Report for EL 31350 Fenton Project for the period 22 June 2017 to 21 June 2018

Abstract

This report describes exploration work on EL 31350 (Fenton project), conducted by Newmont Exploration Pty Ltd (Newmont) for the year ending 22nd June 2018. The Project is located in the western section of the Central Domain of the Pine Creek Orogen (PCO), which is a major gold and uranium province in the Northern Territory, containing a known gold endowment of approximately 11Moz Au. Newmont's work on the Project targeted Proterozoic Pine Creek lode style gold mineralisation. Work completed during the reporting period included a literature survey, an orientation surface geochemical survey utilising Newmont's proprietary Deep Sensing Geochemistry (DSG) technique and regolith mapping. The DSG orientation survey identified anomalous values on the eastern survey area, consistent with the mineralised trend defined by historical drilling. Future work is scheduled to be undertaken during the 2018-2019 reporting period including detailed DSG sampling and drill testing of the coincident anomalous DSG and historical results.