Second Annual Report for EL 31967 The Aladdin Project 11 April 2020 to 10 April 2021

Abstract

Mineral Exploration License (EL) 31967 was granted to Santonian Resources Pty Ltd on 11th April 2019 for a term of 6 years. The Aladdin Project is located 40 km South East of the settlement of Top Springs and 240km South from Katherine. Historically the area has been suspected to have bornite mineralisation due to iridescent stains found within the laterite. Recent field trips conducted by Santonian Resources have found that the erroneous reports are mineralised laterite that comprises of high anomalous Vanadium, Iron, Titanium and Aluminium content. Furthermore, metallurgical studies have also shown that the mineralisation can be economically processed through leaching and magnetic separation processes. Second year operations consisted of 15 reconnaissance RAB drilling to test the thickness of the mineralised duricrust. The thickness and extent of duricrust was consistent with initial geological assumptions, however, high levels of contamination are thought to have impacted the quality of drill samples. Reconnaissance drilling also uncovered higher rages of titanium and vanadium between the duricrust and a kaolinite clay layers. Further diamond drilling is required in year 3 to improve quality of sample recovery and assessment of the mineralised duricrust.