Annual Combined Report GR517 for Exploration Licences EL 23862, EL 24329 for period 1 April 2019 - 31 March 2020

Abstract

This combined report covers EL 23862 and EL 24329 for the period 01/04/19 to 31/03/20 for which there is combined reporting status with the due date of 30 May 2020. In the reporting year, the previous holder of the tenements, Matilda Zircon Limited was placed into voluntary administration. Tiwi Resources Pty Ltd, with the support of the Tiwi Land Council, successfully negotiated the acquisition from the administrator, of all Tiwi Island tiles previously held by Matilda Zircon Limited. There was no on ground exploration activity for the reporting year due to Matilda Zircon being placed into administration and the transfer of titles being processed on 25th of February 2020. Access to exploration areas was very limited during the Wet Season so all activity was confined to a desktop review of previous work. Extensive exploration work has been performed within EL 23862 and EL 24329 in previous reporting periods with the target commodity being heavy mineral (HM) containing a suite of Zircon, rutile, leucoxene and ilmenite.