EL 31784 Terrys Find Project Annual Report for the period 21 September 2018 to 20 September 2019

Abstract

EL 31784 (Project) is located approximately ~375 km WNW of Alice Springs. Cerberus is assessing the potential of the Project for hydrothermal Au-Ag and Cu-Pb-Zn deposits, and alluvial Au deposits. Previous exploration and mineral development activities in the Project area have highlighted several Au-Ag occurrences and anomalies. During the reporting period, Cerberus compiled and assessed all available geological, geophysical, remote sensing and exploration work undertaken over the Project area. No ground based exploration was undertaken. Work on the Project is at a preliminary stage. The potential for the Project area to contain Au-Ag mineralisation appears to be good, and further exploration assessment work is warranted. Three main anomalies have been identified for follow-up work.