EL 32114 Aladdin Project Annual Report for the period 8 November 2019 to 7 November 2020

Abstract

EL 32214 was granted to Santonian Resources Pty Ltd on 8th November 2019 for a term of 6 years. The licence forms part of the Aladdin Project located 40km south east of the settlement of Top Springs and 240km south of Katherine. Historically the area has been suspected to have bornite mineralisation due to iridescent stains found within the laterite. Geochemical assays of rock chip samples recovered south of EL 32214 have shown high anomalous Vanadium, Titanium, Iron and Aluminium content within the surficial mineralised laterite. Preliminary office studies indicate that the suspected mineralised laterite extends further north, hence the securing of EL 32114. First year exploration operations were compromised due to the onset of COVID-19 and subsequent border restriction between the Northern Territory and Western Australia. Exploration activities were necessarily postponed to the second operating year. Exploration activities are to recommence in May 2021 after the west season.