Group Annual Report for EL's 8766, 23880, 23883, 23884, 23885, 23886, 25031, 25033, 25034, 25035, 25041, 25042, 25044, 26825, 28515, 28727, 28748, 29723, 29724, 29725, 29896, 30470, 30507, 30637, GR162 Barrow Creek Project from 10 September 2017 to 9 September 2018

Abstract

The Barrow Creek Project is located approximately 320km NNW of Alice in the western Arunta region (Figure 1) and includes twenty four (24) Exploration Licences. ELs 8766, 23880, 23883, 23884, 23885, 23886, 25031, 25033, 25034, 25035, 25041, 25042, 25044, 26825, 28515, 28727, 28748, 29723, 29724, 29725, 29896, 30470, 30507 and 30637. Gladiator Resources Limited (Gladiator) is exploring the tenements for gold mineralisation. Following a decision to divest the Barrow Creek project tenements Prodigy Gold NL (formerly ABM Resources NL) joint ventured the project to Thunderbird Metals Pty Ltd (TBM) in February 2018. TBM's interest was assigned to Gladiator in April 2018. A high resolution dipole-dipole IP survey conducted over the Kroda prospect in 2018 identified several deep, broad zones of chargeability located 100-300 m below an area of historical, near surface gold mineralisation. A deep drilling program planned for late 2018 aims to test these newly identified targets and to determine the nature of the observed anomalism. A similar IP survey planned for 2019 over the nearby, largely unexplored Tulsa prospect will be used to inform future exploration targeting and drill hole planning there. Project-scale reinterpretations of historical geophysical and geochemical data, combined with a detailed metallogeny study resulted in the re-evaluation of historical targeting models with several high priority targets being identified along the length of the Willowra Suture. Gladiator is actively building a pipeline of exploration targets and aims to efficiently advance multiple projects to drill-ready status.