EL 31784 Terry Find Project Final report for the period 21 September 2023 to 20 September 2024

Abstract

EL 31784 (Project) was located approximately ~375km WNW of Alice Springs. Cerberus assessed the potential of the Project for hydrothermal Au-Ag and Cu-Pb-Zn deposits, and alluvial Au deposits. Three main targets associated with elevated Au responses (named Alpha, Bravo and Charlie) were located to the W and WNW of Terry's Pit. After further geological assessments, it was concluded that the Project has low potential to host economic gold or base metal mineralisation. A decision was made to cease further work on the Project and allow the exploration licence to expire at end of term.