Eleventh Annual Technical Report Draft for the reporting period ending 18 (sic 17) April 2017 EL 24817 Alice Springs Project

Abstract

There was no exploration work conducted in the field during this reporting period: A Mining Management Plan (MMP) update was lodged on the 20 February 2017; The CLC Sacred Site Clearance Certificate was extended on the 6 February 2017. The new expiry date is the 6 February 2018; and data sets were reviewed and drill targets confirmed with minor modifications. A total of 21 Reverse Circulation (RC) drillholes are proposed for a total of 1880m. These holes are designed to test a number of copper - gold targets including below historic workings at Camp Hill, rock chip anomalies at Diana 2, Diana 8, Corner Post Hill and EM anomalies near Diana 2, Corner Post Hill and Diamond T. The drilling program is scheduled to commence during the third Quarter 2017. It is anticipated that the proposed drilling program should take 4 - 6 weeks to complete. This includes preparation of access tracks and drill pads, mobilisation of the rig to site, drilling and rehabilitation of drill sites and access.