GR470 Combined Annual Report for period ending 31 October 2018

Abstract

The Pedirka Basin Project consists of twenty-one (21) Mineral Authorities, 31358, 31359, 31360, 31361, 31362, 31363, 31364, 31365, 31366, 31367, 31368, 31369, 31370, 31371, 31372, 31373, 31374, 31375, 31376, 31377 and 31378 (Pedirka Basin Project) which were granted on 1 November 2017. The Pedirka Basin Project is a multi-mineral exploration with the key target commodities being iron, base metals and coal. Tri-Star continued its analysis of available data within the project area and surrounding basins to further its knowledge and extent of the mineralisation within the project area. The product targets of the exploration program are the coal measures that occur in the upper portion of the Purni Formation. The tenures cover a large portion of the Pedirka Basin, favouring the central and western parts of the basin. Therefore, Tri-Star is currently conducting exploration for the target coals from a basin-wide perspective. The objective of Tri-Star's exploration program on these tenures is to identify a deposit of Permian age coal and other minerals from the Pedirka Basin that can be economically extracted and sold at a profit. No physical exploration was completed during the reporting period.