Mount Peake Project Group Annual Report GR226/12 EL 27069, EL 27070, EL 27941, EL 29578 and EL 31389, 18 February 2017 to 17 February 2018

Abstract

The Mount Peake Project is operated by Enigma Mining Ltd, a wholly owned subsidiary of TNG Ltd. The project currently comprises five exploration licences (EL 27069, EL 27070, EL 27941, EL 28491 and EL 25978) in the north-central portion of the Paleoproterozoic Arunta Province. The project area is located approximately 220km NNW of Alice Springs in the Northern Territory and covers portions of the Mount Peake (SF53-05) 1:250,000 map sheet. It lies within the Stirling and Anningie Pastoral Leases and is subject to Native Title. The main focus of the Mount Peake project has been evaluation of the potentially world class Fe-V-Ti deposit which lies within ELR 29627. The Definitive Feasibility Study was completed in mid-2015 with an update produced in November 2017. An addendum to the EIS was submitted in November 2017 and approval was granted by the NTEPA. Commonwealth approval is pending. Minimal on ground exploration was conducted during the reporting year, most of which has been related to the potential mine development within ELR 29627. Exploration licences 27069 and 27070 were renewed for two year periods and partial reductions were undertaken on EL 27070 and EL 29578. Rehabilitation audits and monitoring work was completed on EL 27069 and EL 31389. Waterbore logging devices have been installed on seven waterbores within EL 31389. Water sampling is completed periodically TNG drilled bores along with existing station bores within the Mount Peake tenure. A surface water logging device has also been installed in Murray Creek, adjacent to the proposed Mount Peake minesite. Biodiversity surveys were completed across 63 transects within the Mount Peake project area in order to provide additional data requested by the NTEPA as part of ongoing environmental assessment of the Mount Peake V-Ti-Fe project.