Annual Report for year ending 7 December 2016 EL 23237 Mount Porter West

Abstract

This Project currently comprises a number of exploration and mining titles, covering an area of approximately 67 km2. Three of these licenses, including EL 23237, are owned outright by Arafura with a farm in agreement with Ark Mines Ltd. The mineral rights on the remaining licenses are shared with Territory Resources Limited, or with its wholly owned subsidiary, Frances Creek Pty Ltd. Activity by Ark on EL 23237 during the reporting period was focused on validation, review and reconstruction of historic data, preliminary reconnaissance field work, and geological modelling to support target generation, determination of prospectivity and the direction of further works on the tenement to best support Ark's business model.