EL 32089 Indiana Project Partial Relinquishment Report for the period 7 October 2019 to 16 November 2021

Abstract

EL 32089 (Project) is located approximately 170km ENE of Alice Springs. Typhon assessed the potential of the relinquished areas for Basil-style Cu-Co sulphide deposits, Ni-Cu-PGE sulphide mineralisation associated with mafic and ultramafic intrusions, as well as bedrock and alluvial Au deposits. A total of 125 sub-blocks were relinquished from the Project on 16 November 2021, leaving 125 sub-blocks. Work on the relinquished blocks was limited to reviews of previous exploration activities and publicly available remote sensing and geophysical datasets, as well as geological reconnaissance. This work suggested that the relinquished blocks have low potential to host economic mineralisation.