GR561 Sandover Project EL 33060 Partial Surrender Report 15 August 2022 to 18 October 2024

Abstract

The Sandover project tenure is located approximately 170km North of Alice Springs and approximately, 250km South of Tennant Creek. The Sandover project consists of 7 mineral exploration tenements covering a total area of 5337.2 sq.km. The seven tenements are EL 32374, EL 32421, EL 32694, EL 32695, EL 32696, EL 33060 and EL 33065. All Sandover tenements were granted to Baudin Resources Pty Ltd a wholly owned subsidiary of Encounter Resources Ltd (Encounter), for a period of 6 years. The Sandover project tenure sits on the Neoproterozoic-Palaeozoic Southern Georgina Basin, which unconformably overlies Meso and Paleoproterozoic rocks. The project is on the Alcoota, Mount Peake and Barrow Creek 1:250,000 scale NTGS geological map sheets. The Sandover project tenure is considered prospective for sediment-hosted copper mineralisation, as well as for Lithium, caesium, tantalum ('LCT') pegmatites. Amalgamated reporting has been approved for the current Sandover titles with Group reporting ID GR561. This partial surrender report for EL 33060 covers the period from 15 August 2022 to 18 October 2024.