Group Technical Report for GR434, 1 January 2017 to 31 December 2017

Abstract

The Browns Project comprises of Mineral Lease (Northern) 139, 140, 141, 142, 143, 144, 145, 146, 147, 150, 151 and 152 (the licences). These licences are located approximately 60km South of Darwin and have a combined area of 176 hectares. The licences sits within the highly prospective and resource rich Rum Jungle Mineral Field within the Pine Creek Orogen. The area is known to host various commodities, which includes copper, lead, nickel, zinc, cobalt and uranium. During the reporting period, Northern Territories Resources Pty Limited (NTR) and Doe Run Australia NL (DRA) conducted metallurgical and geotechnical drilling focusing on the lower sulphide portion of the orebody. The program consisted of 10 metallurgical drill holes for 2,622.53 meters, 6 geotechnical drill holes totalling 1,185.92 meters, and 2 hydrological holes (66m). In addition, 3 exploration drill holes were completed for 804.97 meters.