Talbot North Project EL 27806 Annual Technical Report For the Period 14 July 2016 to 13 July 2017

Abstract

This report discusses exploration activities on EL 27806, located c. 610 km north-west of Alice Springs, Northern Territory, for the seventh year of tenure, covering the period 14th July 2016 to 13th July 2017. During 2014, Ramelius Resources Ltd entered into a Farm-in Agreement with Tychean Resources Limited, comprising the Tanami Joint Venture, which includes EL 27806. Ramelius are operators of the project and can earn an 85% Joint Venture Interest in the tenement package by sole funding $500,000 over 3 years. No fieldwork was conducted on the license during the reporting period. The company had planned to conduct the proposed air-core drilling as part of a broader drilling programme, encompassing other tenements, including the Highland Rocks Project (Els 27511, 27995, 29829). Delays in gaining approvals for these (Highland Rocks) programmes from Traditional Owners meant that the broader drilling programme (incl. EL 27806) would need to be postponed until 2018.