Huandot Magnesite Deposit Exploration Licence 30879 - Annual Report Batchelor Region, Northern Territory for the period 7 July 2015 to 6 July 2016

Abstract

In the first term (Period 7 July 2015 to 6 July 2016 - this annual reporting period) of the licence tenure, Thessally engaged Mosman Resources to complete an advanced end user product, material and market study with direct appraisal of local and foreign markets; and engaged CSA Global to carry out magnesite sampling on historic stockpiles for mineralogical and geo-metallurgical testing. This included 5 magnesite samples selected and submitted for mineralogy analysis and 8 samples submitted for acid rock drainage / acid neutralisation laboratory analysis.