Mount Peake Project Fourth annual report for ELR 29627 17 December 2015 to 16 December 2016

Abstract

The main focus of the Mount Peake project has been evaluation of the V-Ti-Fe deposit which lies within ELR 29627. Work has continued throughout the year on metallurgical testwork, environmental studies and logistical matters which have contributed to progression towards construction and mining. The Environmental Impact Statement was submitted to the EPA NT in December 2015 and was made available for public comment during the first quarter of 2016. A number of queries were raised by the EPA and outside entities, particularly in regards to the potential for Acid Mine Drainage and minesite flooding during extensive rain. Continued analysis has been undertaken on samples from previously drilled holes within the Mount Peake resource area to study the potential for acid, metalliferous and saline drainage within the minesite. A surface water and flood assessment has also been carried out. Additional information is being compiled and the supplementary report will be to be submitted to the NT EPA during the first half of 2017. Imagery and contour data was purchased for the minesite area in order to continue design, modelling and planning of the open pit and and associated minesite infrastructure. Clearance was received from the CLC for the minesite area in 2015 and during 2016 clearance was also received for the borefield area. These are now being assessed by AAPA for authority certification.