EL 31984 Elkedra South 2 Project Partial Relinquishment Report 2022

Abstract

The Elkedra South 2 Project EL 31984 is held by Magnet Exploration Pty Ltd whilst exploration work conducted by EARTH AI OPERATIONS AUSTRALIA PTY LTD - part of EARTH AI Group of companies further referred to as EARTH AI. This year's work has been impacted by COVID-19 related travel restrictions and logistical supply chain problems. We weren't able to perform fieldwork and collect new field data on EL 31984,instead we focused on desktop research and progressive AI analysis work to come up with new high-quality AI targets. Additionally we have completed a re-assay of samples with a more complete lab method PGM-ICP24 plus CCP-PKG05 to obtain a more accurate geochemistry picture compared to old methods we used ME-ICP41, AuME-TL43. We have found that the new method produced more reliable results than the previous one. In total we re-assayed 2 surface samples. We have experimented with the XRD and SWIR spectral methods, analysing 1 surface sample. We have obtained the results however no interpretation has been performed this year, we plan it to take place in the next year. More AI analysis and desktop work has been conducted in order to better guide further work and identify more exploration target areas within the project area. We are continuing to direct our best resources towards exploring the Elkedra South 2 project area and develop a better understanding of the area better within the next year conducting more early stage exploration in the adjacent areas to assess the mineral potential of the whole title area.