Annual Technical Report ML 30260 Maud Creek Project Area year ending 13 April 2018

Abstract

ML 30260 is situated approximately 18 km east of the town of Katherine, NT, and 275km southeast of Darwin. The lease formed part of the Maud Creek Project area, which consisted of ML 30260 and ML 30293, and encmpasses the Maud Creek Mine. Within the Maud Creek area, the oldest exposed rocks are the Palaeoproterozoic Tollis Formation, which comprise tuffs, greywacke, mudstone, laminated quartz arenites and thin banded ironstone. Thick sills of Maud Dolerite have intruded the Tollis Formation. The Maud Dolerite forms irregular bodies up to 200 m wide, and the western margin is strongly sheared and quartz-veined, with well-documented gold and copper mineralisation. Unconformably, overlying the Tollis Formation is the volcanics and sandstones of the Edith River Group. The Kombolgie Formation Unconformably overlies both of the above units, and characteristically crops out as tablelands and mesas. The Cambrian Antrim Plateau Volcanics cover much of the Proterozoic rocks to the south and west of the Maud Creek area. Gold is fine-grained and is associated with pyrite, chalcopyrite and secondary copper mineralisation. During the reporting period, an internal review of the metallurgy work was undertaken over the mineral lease, using the recent drilling undertaken by Crocodile Gold. Work also began on reviewing the current processing options associated with the mine as well as establishing a resource growth-drilling program to occur on the lease during the 2018/2019 reporting period.