Second Annual Report for EL 31971 The Aladdin Project V - Fe - Ti - Al, 11 April 2020 to 10 April 2021

Abstract

Mineral Exploration License (EL) 31971 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 exploratory investigations of strata differing to the duricrust which included rock chip sampling and thin section analysis. In addition, wet tabling of the duricrust was also explored to investigate upgrading Vanadium content. Rock chip sampling and thin section analysis showed a typical deeply weathered laterite profile is present where vanadium concentration exists as a solid solution substitution within the iron oxide where the titanium is hosted mostly within disseminated ilmenite and rutile. Wet tabling the duricrust sample was not effective to upgrade vanadium content.