Annual Report for EL 31234, Lake MacKay Project, from 13 October 2017 to 12 October 2018

Abstract

The Independence Group NL (IGO) tenement EL 31234 is located approximately 500km WNW of Alice Springs in the western Arunta region, adjacent to the WA border. It was granted on 13th October 2017. This tenement forms part of the Lake Mackay JV with Prodigy Gold NL (PRX), with ownership of the project 70% IGO and 30% PRX with each party contributing their share of the project expenditure. All on ground exploration since the tenement was granted has been conducted by IGO, who is the operator of the JV. Exploration during the reporting period consisted of sacred site clearance surveys, 1132 soil samples, 3 rock samples and 121.2-line km of airborne electromagnetic (AEM) surveying.