Group Annual Technical Report Mineral Leases ML 28341, ML 29855, ML 29856 20 November 2021 - 19 November 2022

Abstract

This Group Report describes exploration conducted over ML 28341 (main resource/mining pit), ML 29855 (ancillary licence - processing facility/mine site infrastructure) and ML 29856 (ancillary licence - mining camp site) during the reporting period from 20 November 2021 to 19 November 2022. These titles surround the Mount Peake Resource, and along with six ELs, one other ML and two Access Authorities, form part of the Mount Peake Project approximately 235 km NNW of Alice Springs. Work at Mount Peake is currently being undertaken under the Exploration Activities Mining Management Plan and attributed to the underlying Exploration Licenses, and as such minimal exploration work and expenditure has been assigned to the Mineral Leases. Work will be attributed to the Mineral Leases once the Mining Operations Mining Management Plan has been finalised and approved. During the reporting period, the Company progressed with a realignment of planning and associated works resulting from the decision to progress development of the Mount Peake Project with an integrated processing facility at the mine site.