EL 31692 Leila Creek Project Final report for the period 21 September 2023 to 20 September 2024

Abstract

EL 31692 (Project) is located approximately 75km SW of Borroloola. Cerberus assessed the potential of the Project for stratiform, sediment hosted Pb-Zn-Ag (+/- Cu) deposits. The Project area contains a number of AEM anomalies east of the Tawallah fault, as well as moderately anomalous Pb, Zn and Cu stream sediment sampling results. After further geological assessments, it was concluded that the Project area has low potential to host economic base metal mineralisation. A decision was made to cease further work on the Project and allow the exploration licence to expire at end of term.