EL 31937 Illogwa Project Partial Surrender Report for the period 2 January 2019 to 14 February 2023

Abstract

EL 31937 (Project) is located approximately ~145km ENE of Alice Springs. The Project is located north of the Basil Cu-Co deposit, and west of the important Ni-Cu-PGE prospects at Blackadder and Baldrick. Typhon is assessing the potential of the Project for Basil-style Cu-Co sulphide deposits, Ni-Cu-PGE sulphide mineralisation associated with mafic and ultramafic intrusions, as well as bedrock and alluvial Au deposits. A total of 15 sub-blocks were relinquished from the Project during February 2023, leaving 15 retained sub-blocks. Work on the relinquished blocks involved reviews of previous exploration activities and assessment of publicly available remote sensing and geophysical datasets. Geological reconnaissance and traversing was undertaken to field check geological interpretations and to assess geophysical anomalies. This work suggested that the relinquished blocks have low potential to host economic mineralisation at reasonable mining depths, and no further work is recommended.