Annual and Final Report for EL 32249, EL 32250 and EL 32251 Karinga Potash, NT, period ending 1 December 2023

Abstract

This is the final annual report for EL 32249, EL 32250 and EL 32251 which constitute the Karinga Lakes Potash Project. These ELs were applied for subsequent to tenement rationalisation to fewer ELs that better match pastoral boundaries and were granted in November 2021. The project was a Joint Venture with Parkway Corporate Limited (formerly known as Parkway Minerals NL) through the two wholly-owned subsidiary companies Territory Potash Pty Ltd (Verdant Minerals) and Consolidated Potash Corporation Pty Ltd (Parkway Corporate). There was no ground-disturbing work during the final reporting period. Off-site work focussed on pre-validation and preparation of water chemistry assay results for upload to the database. The Karinga Lakes Potash Project is being relinquished following a decision by the Board of Directors to reduce the number of assets in the Company and focus on the development of the Ammaroo Phosphate Project.