Harts Range Project Annual Technical Report GR132 EL 25063 and EL 25430 for the year ending 21 February 2018

Abstract

Exploration Licenses 25063 and 25430 are part of Barfuss Corporation's Harts Range Project. The project also includes ELs 29690 and 25764, plus more recent licenses ELs 29950 and 29920. A number of existing mineral claims are also considered part of the project. The Harts Range Project licenses cover approx. 600 square kilometers, of which ELs 25063 and 25430 cover little more than 10%. EL 25063 surrounds the Mineral Claims and the Hart Range Ruby Mine (over which Barfuss Corporation has Mineral Claim coverage). Licenses 25063 and 25430 were granted respectively on 20 November 2006 and 13 March 2007. The underlying geology through most of the project area consists of high-grade metamorphic rocks of the Arunta Block, including the Harts Range Group (part of the Late Proterozoic to Cambrian Irindina Province), with older Aileron Province rocks in the east ('Entia Dome') and west (Strangways Metamorphic Complex, including younger deformation in the Gough Dam Schist Zone). Activity in the field to date has included extensive rock-chip sampling, reconnaissance mapping, general prospecting and a detailed geophysical ground spectrometer survey in a number of areas. Airborne geophysical surveying is being considered as an optimal tool for the Project area as well as selective Diamond Core Drilling with the company's own track-mounted rig. More recent work has focused on prospecting for specialized muscovite mica resources for the Germany based Merck Group. A large number of prospects have been identified in the area. These include: - rare earth element ('REE') prospects (+thorium, +/-uranium), principally the 'Spinifex Gully' group of prospects in EL 25430; possible extension into EL 25430 from the extensive 'Copper Queen' group of copper-gold prospects previously investigated by Tanami Gold NL; and pegmatite dykes in EL 25063 (and adjacent EL 29690) with very strong uranium-niobium-yttrium-tantalum(-REE) mineral enrichment (assays to over 10 % uranium). Significant interest has been shown by the Germany based Merck Group in the muscovite deposits in the license areas. Merck representatives have visited the project and sampled several areas for analysis, with a number of follow-up bulk samples sent to them on request for further analysis. Prospectivity for many other minerals is indicated by the Harts Range Ruby Mine and a near-by vermiculite prospect (surrounded by ELs 25764 & 25063) for example; and the extensive recent exploration for, and discovery of, copper-cobalt and nickel/copper mineralisation in the region, by Mithril Resources Limited. Substantial interest from India on the Garnet Sands is moving forward. Samples have been sent for analysis and testing in India to develop a treatment plant. It is hoped that a plant will be finished in the design faze early 2019. During the reporting period focus was primarily on fieldwork exploration for extensions or repetitions of the known mineralisation (e.g. vermiculite, REE/thorium), and extensive prospecting for gems and gem materials, with in-house assessment of the quality of materials found. No samples were submitted for outside analysis and no numerical results were generated. The company regards the project as highly prospective and is keen to conduct continuing exploration activities on it.