Walabanba Project Annual Report EL 26848, 4 March 2017 to 3 March 2018

Abstract

The Walabanba Hills Project is operated by Todd River Metals Pty Ltd, a wholly owned subsidiary of Todd River Resources Ltd. The project comprises a single exploration licence (EL 26848) in the north-central portion of the Paleoproterozoic Arunta Province. The Walabanba licences were acquired with a view to exploration for primary base metal sulphides, nickel and magnetite hosted vanadium-titanium, as found in the Mount Peake Fe-V-Ti deposit to the east. Drilling of six holes over two target areas was completed in July/August 2017. 868 samples were sent for analysis and pXRF readings were taken on four of the six holes. DHEM was completed on each hole. Results were disappointing and as such these areas of the licence were relinquished at the ninth anniversary of the licence. Rehabilitation was completed on all holes. Sampling was undertaken on the Bismark Prospect within the Anningie Tin Field. 340 samples were sent for analysis and 12 samples sent for XRD mineral identification. Spodumene was identified in three of the 12 samples. The area surrounding the Anningie Tin Field and this prospect has been retained for further investigation.