First Annual Technical Report GR455/17 Incorporating EL 31129, EL 31142 and EL 31125 for the period 30 November 2016 to 29 November 2017

Abstract

Both Roper Ilmenite Pty Ltd and Australian Ilmenite Resources Pty Ltd (AIR), are wholly owned subsidiaries of Roper Resources Pty Ltd, a related entity of MacMines and Meijin Energy Group. Roper Ilmenite, in conjunction with AIR, is focused on developing the ilmenite and magnetite-bearing regolith, derived from the weathering of dolerite sills in the Roper Gulf Shire. Their primary asset is the Roper Heavy Minerals Project (the 'Project') that straddles the Roper Highway about 120km east of Mataranka, and 475km south-east of Darwin, in the Northern Territory (NT), Australia. Roper Ilmenite has four leases within this Project area. Three of the four leases form Reporting Group 455 and are EL 31129, EL 31142 and EL 31125. This is the First GR455 Annual Group Technical Report and is for the period 30 November 2016 to 29 November 2017. The Project lies in Mesoproterozoic sediments of the Roper Group in the central-western Bauhinia Shelf of the McArthur Basin that has been previously been explored for heavy minerals, iron ore, base metals, uranium and diamonds. Sediments of the Maiwok Subgroup in the Project area have been extensively intruded by flat lying late Proterozoic sills of Derim Derim Dolerite containing minor amounts of primary accessory ilmenite, titanomagnetite and magnetite. During prolonged weathering these heavy minerals have been released from the dolerite sills as they become exposed. They are now concentrated at or near the surface within pisolitic, clay-rich ferruginous regolith and black soils in potentially economic concentrations. To date Roper Ilmenite, in conjunction with AIR, has undertaken little exploration throughout the GR455 tenements as the Parent Company, Roper Resources, instead focused expenditure on mining infrastructure, process plant and trial mining located within AIRs two MLs.