Group Annual Report for Exploration Licences EL 25191, EL 25192 and EL 28785 GR269 South Tanami Project from 16 March 2015 to 15 March 2016

Abstract

EL 25191, 25192 and 28785 form ABM Resources NL (ABM), 'South Tanami' project which is located approximately 550 km north-northwest of Alice Springs in the north Tanami Region of the Aileron Province. In 2011 an Indigenous Land Use Agreement covering EL 25191, 25192 and 28785 was successfully negotiated by ABM with the Central Land Council on behalf of the traditional owners. The tenements were granted to ABM, a publicly listed company, in January and September 2012. In 2013 the amalgamated technical reporting for the 'South Tanami' project was approved and the group reporting ID GR 269 was assigned. ABM explores the 'South Tanami' project for the potential of gold mineralisation. Exploration included regional mapping and a desktop review. No on ground exploration was conducted during the reporting period. The mapping resulted in a regional basement geology map scaled 1:500,000 which included the project area. The map represents a merger of NTGS and ABM interpretation at this scale. The desktop study focused on generating drill targets in view of historic drilling plus the association between magnetic features and previous ABM's DPG survey results. It recommended a total of 10 to 12 drill holes to depths in excess of 150m in the Homestead, Malakili, Dooku and Ellie prospect areas. The 2013 recommendations are still valid.