Manbarrum Project Combined Annual Report GR044/09, 25 September 2016 to 24 September 2017 EL 24395, EL 25646, MA 24518 and MA 26581

Abstract

The Manbarrum Project (Northern Territory) is located in the north-western part of the Northern Territory, on Legune station, approximately 70km north east of the regional centre of Kununurra. It is owned by Todd River Metals Pty Ltd, a wholly owned subsidiary of Todd River Resources Limited. The project comprises four exploration titles, covering a 50 kilometre strike length of the SE margin of the Bonaparte Basin. The Manbarrum Project licences formed part of the demerger of base metal assets from TNG Ltd to Todd River Resources Limited which took place in April 2017. A rehabilitation monitoring trip took place in November 2017 to visit the Legune Hill drillsites and monitoring sites within the project area. A Conceptual Mining Study was completed by CSA Global, Mining Industry Consultants in March 2018. The study returned positive results for the project overall and while it focussed on the Sandy Creek deposit within MA 24518, it also recognised the necessity for further work to be undertaken on additional aspects of the project to optimise the end results. Two year renewals were received for EL 24395, EL 25646 and MA 24581, which will all expire in August 2019. An application for renewal was submitted for MA 26581 in August 2018.