Group Annual Report GR433, MLC 57, MLC 217, MLC 218, MLC 219, MLC 220, MLC 221, MLC 222, MLC 223, MLC 224 Perseverance, reporting period 1 January 2016 to 31 December 2016

Abstract

The Perseverance project near Tennant Creek in the Northern Territory comprises nine Mineral Leases totalling 145Ha covering the Perseverance and Perseverance Extended copper-gold prospects. The tenements are subject to a joint venture agreement with Santexco Pty Ltd (31.57%), which is a subsidiary of Emmerson Resources Ltd. The tenements are situated within EL 28260 (Barkly project), which contains the Bluebird prospect, held in joint venture with Blaze International. The target commodities are gold and copper. During the 2016 reporting year Meteoric Resources carried out further studies of historical exploration data and continued its search for an incoming party to fund geophysical surveys, modelling and drilling of the Perseverance ironstone system, targeting the significant gravity and magnetic anomalies shown in Figure 4.