Mount Peake Project Annual Report 13 March 2019 to 12 March 2020 EL 30483

Abstract

EL 30483 was granted to Enigma Mining Limited (Enigma) on the 13/03/2015. Enigma is a wholly owned subsidiary of TNG Ltd. The licence forms part of TNG's Mount Peake Project together with EL 27069, EL 27070, EL 27941, EL 29578, EL 31389, EL 31850 and Mining Leases 28341, ML 29855, ML 29856 and ML 30686. It is not part of the group reporting or expenditure project area due to its distance from the other licences. The licence is located at the termination of the planned haul road and the rail siding facility for the proposed Mount Peake mine site. The main focus of the Mount Peake project in recent times has been evaluation of the potentially world class Fe-V-Ti deposit. The Definitive Feasibility Study was completed in mid-2015 with an update produced in November 2017. A Front-End Engineering Design study is currently being completed on the project. The Mount Peake Mining Operations MMP was submitted in October 2019. A Biodiversity Management Plan (which includes Monitoring and Management of the Greater Bilby within EL 30483) and draft Mine Closure Plan (including details of decommissioning of the Rail Facility) were both appended to this document. Reprocessing of aerial imagery across the rail siding area was completed subsequent to acquisition of additional data along the proposed haul road adjacent to EL 30483.