GR493 Exploration Licences 30951 and EL 30964 01 March 2021 to 28 February 2022

Abstract

The Pine Creek Group Project (GR493) consists of Exploration Licences (EL) 30951 and 30964, which were amalgamated into a group report on 24/09/2018. The licences are located 20km east from Adelaide River just off the Stuart Highway, which is approximately 115 km south of Darwin and have a combined total area of 230.54 square kilometres. The licences sit within the highly prospective Pine Creek Orogen. The area is known to host various commodities, which includes gold, uranium, base metals, PGE, iron ore, manganese, magnesite, phosphate and diamonds. During the reporting period, Caprice Resources Limited (Caprice) was not able to conduct any in field activities, as travel between the NT and WA had covid restrictions and strict quarantine requirements. Caprice was able to conduct a data review and geological assessment.