Annual Exploration Report GR238 EL 24654, EL 28288, EL 28289 and EL 28290 Redbank Regional Project for the period 1 April 2017 to 31 March 2018

Abstract

The tenements form part of the Redbank Copper Project and is located 300km south east of the township of Borroloola near the northern Territory/Queensland border. The exploration efforts at Redbank are targeting stratabound, breccia copper deposits hosted within the Gold Creek Volcanics. The area is also considered to be prospective for sediment-hosted copper deposit within the Tawallah Group stratigraphy. During the reporting period a heliborne-EM survey was planned over a highly prospective corridor and two other target areas. The survey postponed after a suitable contractor could not be secured. The EM survey is a priority for the company and will be completed in the 2018 reporting period. Other exploration activities during reporting period consisted of desktop data compilation and target generation efforts using the imagery datasets acquired in the previous reporting period. Infill stream geochemical sampling and surface prospecting may also be considered during the up-coming field season.