Year 4 Annual Report EL 31563 Douglas River for the reporting period 17th January 2021 to 16th January 2022

Abstract

Exploration License EL 3163 is located 140 km south east of Darwin, 12 km west of the Hayes Creek township and 1.5 km west of the Mt Bonnie mine and is wholly owned by Rockwash Pty Ltd. This report covers exploration activities on this tenement during the first year of tenure. Rockwash is committed to exploring for alluvial gold on its current holdings however COVID-19 restrictions hindered Rockwash from completing all its exploration plans on its tenements during the year. The company was able to still carry out reduced exploration on some tenements but not on EL 31563. EL 31563 has excellent alluvial gold exploration potential. The main target creeks are those creeks showing or sourcing areas of anomalous values in historical data. Exploration on EL 31563 for the next reporting period will focus on exploring for palaeodepositional areas on the southern side of tenement downstream from historic gold anomalism identified during historic data review. Plans for reconnaissance and auger/costean will be included in an MMP document planned to be submitted this month.