Burnside Project EL 31795 Final Annual Report for the period 16 July 2018 to 15 July 2024

Abstract

The Burnside exploration licence, EL 31795, is located approximately 125 km southeast of Darwin. EL 31795 was granted to Bacchus Resource on the 16th July 2018 for a period of six years, and originally covered an area of 64 km2, which was reduced to 32 km2 following a partial relinquishment at the end of the second reporting year. The tenement lies within the Pine Creek Orogen (PCO), one of the major mineral provinces of Australia. The PCO is a deformed and metamorphosed sedimentary basin up to 14 km thick covering an area of approximately 66,000 km2. It is host to significant mineral resources of gold, uranium and platinum group metals, as well as substantial base metals, silver, iron and tin-tantalum mineralisation with mining and exploration occurring in the region since the early 1870's. During Bacchus's period of tenure over the Burnside exploration licence area, historical work by previous explorers was reviewed, with the surface sampling data compiled and maps summarising the sampling data produced. No on ground work was completed, due to Covid-19 travel restrictions, followed by all of Bacchus's resources being utilised at the nearby Brocks Creek licence, where diamond and RC drilling as well as resource modelling was completed. Following a reassessment of priorities, it was decided to surrender EL 31795 during this reporting period.