EL 31784 Terrys Find Project Annual Report for the period 21st September 2019 to 20th September 2020

Abstract

EL 31784 (Project) is located approximately ~375km WNW of Alice Springs. Cerberus is assessing the potential of the Project for hydrothermal AuAg 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 continued compiling and assessing all available geological, geophysical, remote sensing and exploration work undertaken over the Project area. No ground-based exploration was undertaken due to COVID-19 pandemic access restrictions. 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, which are open in several directions, have been identified for follow-up work.