Mount Hardy Project Third Group Annual Report 17 September 2017 to 16 September 2018

Abstract

The Mount Hardy project is located approximately 300km north-west of Alice Springs in Northern Territory. The project comprises three exploration licences (EL 27892, EL 28694 and EL 29219) which lie in the Aileron Province of the northern Arunta region. The project area contains the historical Mount Hardy Copper Field where known copper mineralisation exists within the highly prospective Lander Group. The project area is accessed via the Tanami Road and is situated on the Mount Doreen pastoral lease (NT Portion 1947 under Perpetual Pastoral Lease 1035). The Mount Hardy 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 and are now 100% owned by Todd River Metals Pty Ltd. Six holes were drilled with diamond tails below RC pre-collars, five were diamond core for the full extent of the hole and one (MHDD0021A) was a diamond extension of an existing 2017 RC drillhole. In total 2713 metres were drilled. Best results have come from holes MHDD0021A and MHDD0031A where combined base metal intervals are greater than 20%. Downhole electromagnetic (DHEM) surveys were completed on eight drillholes at Mount Hardy in July 2018. Surveys were conducted with the GAP DHEM system, comprising an EMIT DigiAtlantis system and Gap Geopak HPTX transmitter. Eighteen conductors were identified with five a high priority for follow-up drilling. Drill holes are planned to test conductors that have not yet been drilled at prospects EM 1 and EM 2 and to test mineralisation along strike and dip of base metal intersections from previous drilling.