Year 4 Reduction Report Exploration Licence EL31618 Tennant Creek For the reporting period 26th October 2018 to 25th October 2022

Abstract

EL 31618 is part of Treasure Creeks new Tennant Creek tenement package and is part of an overall exploration strategy targeting iron oxide copper gold mineralisation in the region. At the end of Year 4 a total of 131 blocks were retained. The company has undertaken significant historical, geological and geophysical data review all the tenements in this area with over 100 historical reports downloaded but work is ongoing. No other exploration was completed on the relinquished ground. EL 31618 has excellent IOCG gold exploration potential. Multiple targets across the tenement exist and will be reviewed and prioritized for drilling as review work continues. The relinquished ground are areas most likely to be granite although some are still indetermined from geophysical interpretation