Annual Technical Report EL 32406 reporting period 30 March 2021 to 29 March 2022

Abstract

A detailed GPS survey was conducted over the exposed barite reef extending from ML 30231 into EL 32406 during 2021, the extent of the reef contained within EL 32406 is in excess of 250 metres in length with widths of up to 10 metres, the reef extends a further 750m North within ML 30231. The visual extent of the reef warrants exploration using costean technique in the first instance with bulk sampling and processing trials of a quantity of recovered ore. Further to MMS securing vender services for Schlumberger from the 1st and 2nd quarter 2021, Schlumberger Joint Venture partners MI Swaco have completed construction of a mud plant in East Arm Darwin. It is the intention of extending discussion to include barite supply into Beetaloo and McArthur Basins onshore deep exploration drilling in support of the Santos contract recently awarded to MI Swaco.