GR242 EL 24115 and EL 24195 Bowgan Project Fourteenth Annual Report for the period 13 October 2017 to 12 October 2018

Abstract

The Bowgan project is located in the Barkly Tablelands region of Northern Territory, approximately 250 km northeast of the regional centre of Tennant Creek. The project consists of five exploration licences; EL 24115 Bowgan and EL 24195 Benmara which are the subject of this report, plus EL 29802 East Benmara and EL 30281 Coanjula which are contiguous to EL's 24115 and 24195 and EL 24196 Creswell Downs, located 100km further west south-west of the main tenement and are reported on separately. Exploration at the Bowgan project is currently targeting the potential occurrence of economic base-metals, uranium and gold. Exploration work completed on EL's 24115 and 24195 during the current reporting period included; preliminary interpretation of CSIRO gravity survey program, lodgement of application for CORE co-funding for 2 proposed drill holes, formal project presentation at the AusIMM Uranium conference in Adelaide during 5th-6th June, completion of a geological reconnaissance and planning trip to the Bowgan project during August 2018 to assess proposed drilling sites, including meeting with the owner of Creswell (Walhallow) pastoral lease to discuss the proposed drilling program and the preparation of a new Mining Management Plan for the Bowgan project. Field work is on-going for EL's 24115 and 21195, with an aim to design a first-pass exploration drilling program for the Bowgan project.