Sixth Annual Report GR461 - Exploration Licences EL 25566 and 31383 for the period 23rd August 2021 to 22nd August 2022

Abstract

Gempart's Musgraves Project is located in the Musgraves Province in the extreme southwest corner of the Northern Territory. Tenement comprised four granted titles EL 25566, EL 27912, EL 27913 and EL 31383 with group reporting status GR461. EL 27912 and EL 27913 were surrendered in July 2019. This document reports on exploration undertaken in the sixth year of tenure for EL 25566 and EL 31383. Primary commodities sought are gold, base metals, nickel, PGE's, and REE's. Little modern exploration data exists from government information or past explorers. There are no prospects, mineral occurrences or drillholes within the relinquished area. The geology appears to be predominantly granitoid rocks of the Mesoproterozoic Umutju Granite Suite. Work since grant has included an external exploration potential review, two VTEM surveys for total 732 line km, three ground gravity surveys for total 1,731 stations, a helicopter-borne magnetic-radiometric survey for total 4,700 line km, and two field trips with 130 pXRF readings. Subsequent to ongoing data review, ground checking and two rounds of relinquishment, three prospects remain for ground EM follow-up. The prospects are two coincident gravity/magnetic anomalies, and a VTEM anomaly. An Agreement for MLEM surveys was concluded in March 2021, with mobilisation proposed for July-August. Substantial delays in geophysical contractor scheduling due to increased exploration activity coupled with a huge backlog of jobs accrued during the era of travel restrictions have pushed the likely survey date out to late 2022 or possibly even early 2023. No new data were acquired on the tenements during the reporting period.