Group Technical Report GR438 23 August 2016 to 22 August 2017

Abstract

The Mt Fitch (No. 2) Project comprises of Exploration Licences in Retention (ELR) 125, 146 and 148 (the licences). These licences are located approximately 55 km South of Darwin and have a combined area of 2,791.7 hectares. The licence area sits within the highly prospective and resource rich Rum Jungle Mineral Field within the Pine Creek Orogen. The area is known to host various commodities, which includes copper, lead, nickel, zinc, cobalt and uranium. During the reporting period, Northern Territory Resources (NTR)/Doe Run Australia (DRA) conducted desktop studies, which included a review of historical drilling and reporting, and site reconnaissance. On ELR 125, exploration activities were conducted by Territory Iron Pty Ltd (Territory). During the reporting term, Territory conducted desktop studies to evaluate the iron ore potential, monitoring earthworks and rehabilitation of earlier drill sites.