Final Annual Technical Report EL 31489 for the period 20 November 2021 to 22 November 2021

Abstract

Moroak Resources Pty Ltd is a family related entity to Roper Resources. Both Roper Ilmenite Pty Ltd and Australian Ilmenite Resources Pty Ltd (AIR), are wholly owned subsidiaries of Roper Resources Pty Ltd. Moroak Resources Pty Ltd in conjunction with Roper Ilmenite and AIR, is focused on developing the ilmenite and magnetite-bearing regolith, derived from the weathering of dolerite sills in the Roper Gulf Shire. Their primary asset is the Roper Heavy Minerals Project (the 'Project') that straddles the Roper Highway about 120km east of Mataranka, and 475km south-east of Darwin, in the Northern Territory (NT), Australia. Moroak Resources Pty Ltd has three leases within this Project area: EL 31489, EL 31492 and EL 31164 This is the Final EL 31489 Annual Technical Report and is for the period 20 November 2021 to 22 November 2021. The Project lies in Mesoproterozoic sediments of the Roper Group in the central-western Bauhinia Shelf of the McArthur Basin that has been previously been explored for heavy minerals, iron ore, base metals, uranium and diamonds. Sediments of the Maiwok Subgroup in the Project area have been extensively intruded by flat lying late Proterozoic sills of Derim Derim Dolerite containing minor amounts of primary accessory ilmenite, titanomagnetite and magnetite. During prolonged weathering these heavy minerals have been released from the dolerite sills as they become exposed. They are now concentrated at or near the surface within pisolitic, clay-rich ferruginous regolith and black soils in potentially economic concentrations. Moroak Resources Pty Ltd, in conjunction with Roper Resources, undertook little exploration in EL 31489 as the Roper Heavy Minerals Project instead focused expenditure on mining infrastructure, process plant and trial mining located within AIRs two MLs, as well as extensive Regional Exploration of AIR's EL 28291. During 2021 the Group focussed on expending significant funds on EL 30384 to actuate and collate the required reports from the AAPA, archaeologists, ecologists, and so on, as well as on ground reconnaissance and mapping of EL 30384 in order to produce an EOMMP for submission to the DITT for significant drilling activities within that lease in 2022. Review of previous exploration and compilation of NTGS open file during 2021 led to the decision to Fully Relinquish EL 31489 which occurred post this report's reporting date, on 22 November 2021.