GR490 Bowgan Project EL 29802 East Benmara, EL 30281 Coanjula First combined annual report for the period 13 September 2017 to 3 December 2018 (EL 29802), 4 December 2017 to 3 December 2018 (EL 30281)

Abstract

The Bowgan project is located in the Barkly Tablelands region of Northern Territory, approximately 250 km northeast of the regional centre of Tennant Creek. The project consists of five exploration licences; EL 29082 (East Benmara) and EL 30281 (Coanjula), which abuts contiguous licences; EL's 24115 and 24195 (Bowgan and Benmara), plus EL 24196 (Creswell Downs) which is located further west. GR490 is a combined report for EL's 29082 and 30281, with the other 3 EL's being reported separately. Exploration at the Bowgan project is currently targeting the potential occurrence of economic uranium, gold, base-metal mineralisation and diamond occurrences. Exploration work completed on GR490 during the current reporting period included; commencement of the interpretation of the recently acquired gravity survey dataset, the completion of a geological reconnaissance and planning trip to the Bowgan project during August 2018 to assess proposed drilling sites which included a formal meeting with the owner of Creswell (Walhallow) pastoral lease during August 2018 and the preparation of a new Mining Management Plan for the Bowgan project. Exploration work for GR490 is currently ongoing.