Annual Report for EL 24851 for period 29 July 2017 to 28 July 2018

Abstract

This annual report covers EL 24851 located on the south coast of Bathurst Island, part of the Tiwi Islands, in the Northern Territory (see Figure 1). The tenement was purchased by MZI Resources from Stirling Zircon Pty Ltd and was transferred to MZI on the 17th April 2014. Prior to the transfer MZI had been managing exploration on the tenement since 2009 on behalf of Stirling Zircon. The area is prospective for zircon and rutile rich mineral sands however suitable exploration areas must be outside of environmentally sensitive beach, mangrove and river zones. During the reporting period no mineral sand exploration field work was completed, with activities being limited to costing an exploration program, aerial interpretation and a tenement prospectivity report. In the next period a thorough review of previous reports, desktop review of NTGS files, aerial interpretation, budget and update a mine management document for an auger drilling program is recommended.