EL 29550 Annual Report for Year 6 Batchelor Project period 1 August 2017 to 31 July 2018

Abstract

This is the sixth Annual Report for the EL 29550. The tenement is a result of amalgamation of several exploration licences and it constitutes the Batchelor Project operated by Korab Resources Ltd. EL 29550 was granted on 1 August 2012 and was an amalgamation of previous ELs 24818, 24855, 25133, 25135, 25136, 27683, 27875, 28348 and 28867. In Year 6, work consisted of: site visits, ground truthing of LIDAR, aerial photo and ASTER data, outcrop mapping, assessments of drilling locations, assessments of locations for MMI, rock chip sampling (5 samples). Geochemical re-analysis of rockchip samples collected during 2015, 2016 and analysis of samples taken during 2017 field seasons was conducted during the reporting period. Samples taken during 2018 reporting period were sent to the same contractor Geoexpert International based in European Union. Geoexpert is reviewing the sample assays before they will be sent to us and once we receive them they will be added to the GIS data base and submitted to the DPIR in the 2019 report. The company also continued with the compilation and digitisation of the geochemical, geophysical and geological data from open and close file reports, government data bases and private vendors. Korab also undertook a review of all geochem rock chip drill chip and core drill data on file, focusing on potential for Co, Cu, Ni, Au, Ag, Sn, Zn, Pb and platinum group metals. As well as a review of prior petrographic studies. GIS work included spatial and statistical analysis of geochem data over interpreted structural data. Review of private historical gravity, EM and magnetic survey data was conducted to assess for presence of previously missed anomalies. Reinterpretation was conducted of surface geochemical data for the project in conjunction with review of local geology, this was specifically focusing on a potential for four major target groups of minerals: gold, cobalt/copper lithium bearing pegmatites with tin + tantalum, and platinum group metals. Korab also completed the planning of Falcon microgravity, EM and LIDAR survey. The field work included drilling of 10 RC holes drill program for approximately 1,000 meters. Assay results for 6m composite drill chip samples and the collar locations were reported in 2017 report. The 1m sample assays, lithology and dowhole survey data is reported in this 2018 report. RC drilling to the south of Sundance farm encountered high grade silver mineralisation within Wildman Siltstone.