Annual Report for the period 9 September 2017 to 8 September 2018

Abstract

The Kirkimbie project consists of four granted Exploration Licenses, EL 30655, EL 30657, EL 30219 and EL 29803. Previous exploration within the area of EL is limited to early reconnaissance work by major mining companies over a period of several years. Regional scale stream sediment, soil and rock chip sampling has been periodically completed since the late 1970s for diamonds and minerals. Daylight Jack Minerals Pty Ltd first pass reconnaissance geological mapping and soil /rock chip sampling was completed in August 2010. Target areas for on-ground follow-up were identified from a review of historical exploration data and an interpretation of the area based on airborne geophysical survey data. Since 2010 soil / rock chip sampling programs were completed between 2014 to 2018. The soil / rock chip sampling programs completed over the area were both selective and systematic in nature, in order to obtain an indication of mineralisation. This report covers the exploration activities on the tenement and details the outcomes of a soil / rock chip sampling program completed in June 2018 (Figure 2 and 3). This year's program was based on target areas determined by previous assay results and findings from the last two years of field exploration and focused on a number of di-pole targets selected from airborne magnetic survey modelling (Figure 2). The area has exploration potential for rare-earth-elements (REE), particularly cobalt (Co), copper (Cu) and nickel (Ni) however the work programmes are contingent on the completion of work and positive indications of mineralisation within the granted area of ELs.