Huandot Magnesite Deposit Exploration Licence 30879 Annual Report for the Period 7 July 2016 to 6 July 2017

Abstract

In the period 7 July 2016 to 6 July 2017 (this annual reporting period) Thessally worked with CSA Global's Darwin office to plan exploration, metallurgical drilling and field work requirements for the Huandot deposit. This included consultant meetings and development planning for magnesite calcination and application testing for the evaluation of processing options. CSA Global also develop a Mine Management Plan (MMP) and Risk Management Plan for proposed work on the Huandot Deposit. Thessally met with the Aboriginal Areas Protection Authority (AAPA) about Sacred sites listed on EL 30879. Thessally await the issuing of an Authority Certificate so as to proceed with the final lodgement of the MMP. Thus, the planned geometallurgy drilling program did not take place as intended during this reporting period and no further work could be carried out on EL 30879.