GR527 Elliott Project EL 32156, EL 32157, EL 32158, EL 32159 Partial Surrender Report 4 February 2020 to 3 February 2024

Abstract

The Elliott project is located in the Barkly Tablelands, approximately 200km north of Tennant Creek. The Elliott Project Combined reporting group GR257 consists of seven exploration tenements EL 32156, EL 32157, EL 32158, EL 32159, EL 32226, EL 32329 and EL 32437 for a total area of 4,571.9 km2. These were granted to Baudin Resources Pty Ltd (a fully owned subsidiary of Encounter Resources Ltd - 'Encounter'). The Elliott project tenure is considered prospective for sedimentary hosted copper mineral systems. In early 2024 Encounter made a decision to partially surrender blocks for four of the tenements, namely EL 32156, EL 32157, EL 32158, EL 32159. This report is the partial surrender report for Exploration Licences EL 32156, EL 32157, EL 32158, EL 32159. Review of historic data and open file information was the only exploration activity carried out on the surrendered blocks. The review did not indicate any significant prospective structures and/or notable alterations and mineralisation in the relinquished areas within tenements EL 32156, 32157, 32158 and 32159.