EL 28658 Final Surrender Report (of partial relinquishment portion) for the period 27 October 2011 to 2 November 2018

Abstract

This Partial Relinquishment report for the period 27 October 2011 to 2 November 2018 covers the mineral exploration completed by Pacifico Minerals Ltd ('Pacifico') on the relinquished part of EL 28658, formerly of the Borroloola West Project Group (GR121-13). EL 28658 forms part of the Borroloola West Project. The Borroloola West tenements were farmed-out to West Rock Resources Limited in an agreement executed on 1 July 2013. Pacifico Minerals Ltd ('Pacifico'), a public company listed on the Australian Stock Exchange (ASX: PMY), acquired 100% of West Rock Resources Ltd on 19 August 2013, now West Rock Resources Pty Ltd ('West Rock'). Pacifico has now earned a 51% interest in the project and in April 2016 an unincorporated joint venture was formed. EL 28658 was granted on 27 October 2011 and covered an area of approximately 304 km2. A partial surrender of the southern portion of the EL was made on 2 November 2018 of approximately 153km2, which is the subject of this report. The project area lies within the Batten Trough of the Middle Proterozoic sediments and minor volcanics of the Tawallah, McArthur and Roper Groups of the McArthur Basin, with Cretaceous and Tertiary cover sediments. During the reporting period 27 October 2011 to 2 November 2018, Pacifico carried out: Reconnaissance geological mapping and Rock chip sampling (pXRF analyses). No work was carried out on this licence subsequent to the group annual report dated 10 April 2018.