Annual Report for the period 3rd August 2020 to 2nd August 2021 EL 32175

Abstract

The Lamont Pass Project Area is situated within the prospective Batten Fault Zone of the McArthur Basin, with the primary exploration target being massive sulphide hosted zinc-lead-silver deposits of the McArthur Group. EL 32175 covers an area of 470 km2 and is contiguous to the southern end of the Teck operated Reward licenses. Teck Australia Pty Ltd acquired the Lamont Pass licence EL 32175 on the 3rd of August 2020 and has been the sole operator and tenure holder since then. Since acquiring the licence Teck Australia has focused on compiling all the historic data and integrating it into company internal data formats and database storage. Additionally, a helicopter reconnaissance trip to scope physical access and to complete some sampling and mapping was planned for 2021, however it is now anticipated to take place early in 2022. Due to travel restrictions imposed by the COVID pandemic limited field work has been completed within this reporting year. For the current reporting period, a total of $25,451.80 was spent on the Lamont Pass EL 32175 tenure.