Brunchilly Project Tenement EL 32478 Annual Report 8 October 2021 to 7 October 2022

Abstract

The Brunchilly Project is located approximately 600km North of Alice Springs, and approximately 90km North-northeast of Tennant Creek. Exploration tenement EL 32478 was granted to Baudin Resources Pty Ltd (a fully owned subsidiary of Encounter Resources Ltd - 'Encounter') on 8 October 2021 for a period of six years. The tenement will currently expire on 7 October 2027. The Brunchilly Project area structurally sits within the Tennant Region. The project covers largely areas of the Tomkinson Province and the Georgina Basin, and possibly the most northern extend of the Warramunga Province interpreted beneath the Georgina Basin sequences. The project is on the Tennant Creek and Helen Springs 1:250,000 scale NTGS geological map sheets. The Brunchilly project tenure is considered prospective for IOCG style mineral systems and sedimentary hosted zinc and copper systems. The following work has been completed within the Brunchilly tenure during the reporting period: Data review - data compilation and review of available open file geological and geophysical data; Preparation for Field Reconnaissance and Surface sampling Data compilation and review indicated that there is very limited exploration within EL 32478 Brunchilly project area. Encounter will complete reconnaissance and surface sampling, and will integrate the results with the existing datasets to provide first-pass evaluation of the mineral potential of the Brunchilly project area.