GR390 Combined Annual Technical Report Wollogorang Project April 2016

Abstract

This first Combined Annual Technical Report for Wollogorang Project covers work carried out during the twelve month period prior to 9th April 2016. Exploration activities during the period have involved: collecting, collating, extensive digitising and compiling all previous historic data of all available open file reports and data; historical data review; reprocessing and interpretation of previous geophysics data; conceptual targeting; liaison with stakeholders, the Australian Wildlife Conservancy, who operate Pungalina Station as a wildlife reserve and new owners of Wollogorang Station; planning and logistics for 4 weeks of field program August-September 2015, collection of 1,013 soil samples (including 12 duplicates and 7 replicates) throughout the Project Area; analysis of all 1,013 samples, via Niton XRF in office post field trip, dry samples averaged over two measurements of 70 seconds each, no laboratory assays for verification were submitted; in addition to further exploration being required on the Stanton / Running Creek Co-Cu-Ni pipes and targets the Coolabah Group has identified a large coherent radiometric + copper in soil geochemical anomaly that requires intensive infill geochemical and follow up with drill holes. The target is a hydrocarbon-associated sandstone-hosted copper deposit similar to that of the Dzhezkazgan area in Kazakhstan (2011 Resources of 477 Mt at 0.94% Cu, 13 g/t Ag).