Combined Annual Report for period ending 31 December 2017

Abstract

Discussions were held with Andrew Jettner of Endeavour Investments (NT) Pty Ltd regarding a proposal for Endeavour Investments (NT) to mine and treat McKinlay Gold Mine ore via a vat leaching process. During the year Andrew Jettner was developing his vat leach plant to treat his Redbank ore that has similar characteristics to McKinlay ore in that cyanide recovery tests returned high results and with gold particle size being primarily below 100um providing low gravity recovery yields. During the latter half of 2017 an Agreement titled 'Tribute Mining Agreement' has been developed in consultation with all McKinlay Gold Mine owners. The term of the Agreement is for 5 years with an option to extend for a further 5 years. All parties have now signed this Agreement.