GR493 Exploration Licences 30951 & 30964 1 March 2022 to 28 February 2023

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) actioned Lily Valley International (Jeremy Clarke) to complete a comprehensive prospectivity review of the tenements held, with a focus on Rare Earth Elements (REE) + Battery Metals, as the Gold anomalism is well reported.