Annual technical report Nobles Nob Project, MLC 512, 513, 514, 515, 516, 517, 521, 525, 526, 531, 532, 533, 534, 537, 538, 539, 540, 541, 542, 543, 544, 545, 548, 549, 550, 556, 589, 590, 688, 689, 690 and 69, period 1 January 2016 to 31 December 2016

Abstract

Tennant Golds Noble Nob Projects comprise a total of 32 mining leases covering 261.8 hectares at Nobles Nob. The Nobles Nob deposit was previously exploited as an underground mine between 1947 and 1965 and subsequently as an open pit from 1967 to 1984. In total, the Nobles Nob and surrounding deposits produced 1.17 million ounces of gold at 17 g/t. During the 2016 reporting period Excalibur Mining was the operator of the Tennant Gold project area. Excalibur underwent a company restructure and towards the end of the reporting period relinquished there rights over the Nobles Nob project. Due the restructuring process of Excalibur, no activities were carried out. Tennant Gold believes that the Nobles Nob project is still a highly prospective site for gold mineralisation.