First Annual Technical Report EL 31492/18 for the period 10 November 2017 to 9 November 2018

Abstract

Moroak Pty Ltd is a family related entity to Roper Resources, a related entity of MacMines and Meijin Energy Group. Both Roper Ilmenite Pty Ltd and Australian Ilmenite Resources Pty Ltd (AIR), are wholly owned subsidiaries of Roper Resources Pty Ltd. Moroak in conjunction with Roper Ilmenite and AIR, is focused on developing the ilmenite and magnetite-bearing regolith, derived from the weathering of dolerite sills in the Roper Gulf Shire. Their primary asset is the Roper Heavy Minerals Project (the 'Project') that straddles the Roper Highway about 120km east of Mataranka, and 475km south-east of Darwin, in the Northern Territory (NT), Australia. Moroak has three leases within this Project area: EL 31489, EL 31492 and EL 31164 This is the First EL 31492 Annual Technical Report and is for the period 20 November 2017 to 19 November 2018. The Project lies in Mesoproterozoic sediments of the Roper Group in the central-western Bauhinia Shelf of the McArthur Basin that has been previously been explored for heavy minerals, iron ore, base metals, uranium and diamonds. Sediments of the Maiwok Subgroup in the Project area have been extensively intruded by flat lying late Proterozoic sills of Derim Derim Dolerite containing minor amounts of primary accessory ilmenite, titanomagnetite and magnetite. During prolonged weathering these heavy minerals have been released from the dolerite sills as they become exposed. They are now concentrated at or near the surface within pisolitic, clay-rich ferruginous regolith and black soils in potentially economic concentrations. To date Moroak, in conjunction with Roper Resources, has undertaken little exploration in EL 31492 as the Roper Heavy Minerals Project has instead focused expenditure on mining infrastructure, process plant and trial mining located within AIRs two MLs.