Westminster Project Annual Report for the period 1 January 2016 to 31 December 2016 MLC 511

Abstract

During the current year Truscott has continued to advance its in-house understanding of the structural controls over mineralisation within the Central Tennant Creek high-grade gold field, through continued, field work, research and analysis initiatives. Spatial analysis models of Westminster Mineralisation have been checked against Truscott's regional models and have been adjusted accordingly. At the Westminster Project observations and analysis generated from the drill programs and field mapping undertaken during the year have provided feedback to allow continuous assessment and refinements to be made to the structural model at a project and regional levels. For Westminster a detailed assessment of the constraints on ore geometry has been further developed describing the expected location of potential high grade mineralised target zones prior to the initiation of drilling. The company's research into the structural controls and mineralising events continues to increase the effectiveness of the structural model being developed as a tool to successfully predict the sites for high grade gold mineralisation. A series of stacked Ironstone arrays and accompanying mineralisation are mapped as outcropping along the extent of the Westminster active exploration area. Each of the mineralised arrays has the potential to host a significant Tennant Creek style ore body at depth and accordingly they are each currently being assessed as such. Current field mapping and research shows that structural geological features such as the ironstone arrays are further overlain or intruded by structural mineralisation features (containing ore) and that geology and mineralisation structural elements are different even when found in the same localities.