Fourth Annual Technical Report Roper Valley Iron Ore Project ML 29584 for the period 9 July 2017 to 8 July 2018

Abstract

Northern Territory Iron Ore Pty Ltd (NTIO) - Fourth Annual Technical Report for ML 29584 covers exploration activity from 9 July 2017 to 8 July 2018. The ML covers the largest iron oxide resource in the Project - Deposit C. The Roper Valley Iron Ore Project (the Project) camp at Area C is located 550 kms by road from Darwin via the Stuart Highway and then via Roper Highway east from Mataranka 140 kms towards Sherwin Creek. The Project area lies in the Western McArthur Basin within Roper Group stratigraphy. NTIO explores and develops laterally extensive ironstone units associated with the Sherwin Formation. The 2017 RC drilling programme at Area C was aimed at: testing extensions of known ironstone stratigraphy at Deposit C down dip and along strike from previous drilling; improving knowledge of ironstone grade and thickness trends and mineralisation controls; and testing optimum future grade control sampling practice by twinning previous one metre drill intersections with quarter metre samples. Separate to the drilling programme, NTIO is examining mineral characterisation of the various ironstones from existing drill core from EL 24101 and EL 24102 and pit stockpile samples. This includes both ore sorting and core scanning technology. This work is early-stage to be evaluated within the next reporting period. Elsewhere on the Project detailed ironstone mapping and rock chip sampling was planned for the various Yumanji prospects on EL 26412. However, the programme could not be conducted as planned because of severe bushfires in the area, making helicopter access unsafe. No field exploration activity was conducted on other Project ELs.