McArthur Project Group Annual Report GR367 EL 27711 - 9 July 20 to 8 July 21, EL 30085 - 9 July 20 to 8 July 21, EL 31703 - 8 May 20 to 8 July 21, EL 31704 - 8 May 20 to 8 July 21

Abstract

The McArthur River Project is operated by Todd River Metals Pty Ltd, a wholly owned subsidiary of Todd River Resources Limited. The project comprises four exploration licences, EL 27711, EL 30085, EL 31703 and EL 31704, which lie in the McArthur Basin and in the southwestern portion of the Batten Fault Zone. Group reporting was approved in May 2015 (GR367) with a reporting period of 9 July to 8 July. EL31703 and 31704 were added to this group reporting in January 2019. No significant field-based exploration has been undertaken during the most recent reporting year. Being a Western Australian-based company coordination of exploration has been difficult with ongoing restrictions and quarantine requirements imposed by state governments in response to the continuing Covid-19 pandemic. The company is currently in discussions regarding a farm-in and Joint Venture Agreement for the project.