Annual Report for the period 9 June 2016 to 8 June 2017 EL 385 Walker River

Abstract

EL 385 was applied for in 1972 by CRA Exploration Pty Limited (CRAE). Partial consent of the application area resulted in the granting of two separate licences (ELs 385 and 24304) in June 2004. The tenements are located approximately 180km south-west of Nhulunbuy, and 80km north of Numbulwar in south east Arnhem Land and consequently are processed under the Aboriginal Land Rights Act 1975 (ALRA). EL 24304 was relinquished in full on 4 May 2006. The tenements are considered prospective for base metal mineralisation, similar to that at McArthur River (HYC) in the McArthur Basin. In January 2014 Rio Tinto Exploration and DPG Resources Australia Pty Ltd entered into an Earn In and Joint Venture Agreement with DPG managing the tenements. This applies to EL 385 and 23565 as well as ELA, 844, 5561, 24305, 27919 and 27920. Work conducted during the year was conducted in conjunction with work on EL 24305 and comprised one RC drill hole. Due to the failiure of the drillers compressor only one hole was completed. Geological mapping is planned for the 2017 season.