Great Northern Project Annual Report for ML 30232 for the period 3 February 2016 to 2 February 2017

Abstract

The 'Great Northern' was mined in the 1880's. Several shafts on high grade quartz gold reefs were mined to water level. There are also numerous old Chinese elluvial gold diggings in the area. During the late1980's large areas of the alluvial diggings were bulldozed, detected and stockpiled for treatment by Dale Page et al; however they were not treated and remain on site. It is understood that Western Mining conducted a comprehensive exploration drilling program at the Great Northern in the 1980's but were disappointed with the results. Previous exploration work carried out on ML 30232 has indicated a possible 200,000+ cubic metres of elluvial gravel. A number of panned samples, small scale sluicing and metal detecting recovery of gold nuggets by others have indicated potential economic grades of elluvial gold (approximately .5 grams Au/m3). Commissioning of an elluvial treatment plant occurred in early October, 2011 but because of ongoing problems with the recovery circuit the 1200 tonnes of gravel processed only yielded 180 grams of gold (.24 grams Au/m3). Due to an ongoing general downturn in the work available for small to medium civil contracting firms the operator, Mining and Civil Services Pty Ltd still had insufficient cash flow to progress the Great Northern Project. Considering the lengthy suspension of mining activity the title holders, NT Gold Pty Ltd and Wladimir Falko will consider the termination of Mining and Civil Services Pty Ltd as the nominated operator should satisfactory progress not be achieved this coming Dry Season. The option and sale agreement for ML 30232 with listed company Monax Mining Limited was terminated on the 5th of December, 2017.