Exploration Licence 24253 Neutral Junction Project Twelfth Annual Report for the period 7 April 2016 to 6 April 2017

Abstract

Bowgan Minerals Limited is currently exploring for economic occurrences of copper, gold, silver, copper and base-metal and other elements within an iron oxide-copper-gold ('Tennant Creek-style' IOCG) deposit setting and for uranium within an unconformity-related deposit setting. Exploration activity was conducted to explore existing targets at Adnera Hill, on EL's 24253, 29475 and 30797 during the current reporting period which included; completion of a geological reconnaissance visit June 2016, a visit to PIRSA core library at Tonsley, Adelaide during December 2016 to review core of typical IOCG deposits in South Australia, commencement of a gravity survey program by contractor Atlas geophysics, the completion of a program of geological mapping during March 2017 which included collection of 19 soil and 3 rock chip samples, spectrometer testing and specific gravity determination of rock chips, processing and preliminary interpretation of ground magnetic datasets and review and interpretation of other exploration datasets and reporting.