Mount Peake Project Annual Report 21 November 2018 to 19 November 2019 ML 30686

Abstract

This report focusses on ancillary licence ML 30686, located at the termination of the planned haul road and rail siding facility for the future Mount Peake minesite. The licence was granted on 21 November 2018 for a period of 24 years, expiring on 19 November 2042. The Mount Peake Project is operated by Enigma Mining Ltd (Enigma), a wholly owned subsidiary of TNG Ltd. The project currently comprises seven granted exploration licences (EL 27069, EL 27070, EL 27941, EL 29578, EL 30483, EL 31389, EL 31850), four granted mineral leases (ML 28341, ML 29855, ML 29856, ML 30686) and two access authorities (AA31105, AA32037) in the north-central portion of the Paleoproterozoic Arunta Province. Work at Mount Peake is still currently being undertaken under the Exploration Activities Mining Management Plan and as such any work completed is being attributed to the underlying exploration licence (EL 30483).