Mount Peake Project Annual Report 20 November 2020 to 19 November 2021 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 mine site. 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 six granted exploration licences (EL 27069, 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 (AA 31105, AA 32037) 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). An initial draft version of the Mining Operations Mining Management Plan was submitted to the DITT Mining Compliance Division in October 2019, with an amended MMP being submitted in October 2020. A request for additional information was received from the DITT in March 2021. In September 2021 the company announced the decision to progress development of the Mount Peake Project with an integrated processing facility at the mine site rather than the previously chosen site in Darwin. Work is underway for the planning of this facility and the amended approvals required.