Mount Peake Project Annual and Final Report ELR 29627 17 December 2017 to 20 November 2018

Abstract

Exploration Licence in Retention 29627 was part of the Mount Peake Project operated by Enigma Mining Ltd, a wholly owned subsidiary of TNG Ltd. The Mount Peake project is located approximately 220km NNW of Alice Springs in the Northern Territory and covers portions of the Mount Peake (SF53-05) 1:250,000 map sheet. It lies within the Stirling and Anningie Pastoral Leases and is subject to Native Title. The Mount Peake project comprises seven granted exploration licences; EL 27069, EL 27070, EL 27941, EL 29578, EL 30483, EL 31389 and EL 31850 and four granted Mineral Leases ML 28341, ML 29855, ML 29856 and ML 30686. On grant of EL 28341 over the Mount Peake resource the associated ELR (29627) was automatically cancelled. EL 31850 was granted with the same boundaries as ELR 29627. The main focus of the Mount Peake project has been evaluation of the V-Ti-Fe deposit which lies within ELR 29627. Work has continued throughout the year on metallurgical testwork, environmental studies and logistical matters which have contributed to progression towards construction and mining. The draft EIS for the Minesite, Transport Corridor and Borefield was submitted to the NT EPA in December 2015 and released for public comment from 13 February 2016 - 25 March 2016. The NT EPA received written submissions from a number of entities and these submissions along with EPA comments were addressed in a Supplement to the EIS submitted in April 2017. A review by the NT EPA advised TNG that further information is required to address a small number of outstanding issues. An addendum to the EIS and Supplement was prepared by Perth-based Animal Plant Mineral Pty Ltd and submitted in November 2017. The EIS was approved by the NT EPA in January 2018 and approved by the Commonwealth Department of Environment and Energy in May 2018. Significant work is now being undertaken in order to complete the Minesite MMP for the Mount Peake Project. A Native Title agreement was fully executed with the CLC and the Eynewantheyne Aboriginal Corporation RNTBC in October 2018 and paved the way for the grant of the Mineral Leases in November 2018. Water monitoring is taking place in several drillholes within the resource area and a logger has been fitted to 09MPRC001.