Charlotte Lithium Project Partial Surrender Report EL33346 for the period 03 February 2023 to date of partial surrender

Abstract

The tenement EL 33346 is located approximately 45km south of Darwin, accessing by Cox Peninsula Road, Litchfield Park Road and local unsealed tracks. The tenement EL 33346 is located in the Palaeoproterozoic Pine Creek Orogen. The Archaean basement is overlaid by the McAuthur, Birrindudu, Daly, Arnhem, and Money Shoal Basins. Outcrop rocks include metamorphosed Greywacke, shale, siltstone, sandstone, dolostone, tuff, granite, felsic volcanic rocks, dolerite, basalt, micaceous schist, metapelite, calc-silicate rock, quartzite, and intrusive rocks. Work completed was a literature review, field prospecting and sampling. A compulsory area reduction was carried out at the end of Year 2, resulting in the surrender of one block. Large pegmatitic quartz outcrops were found on Mount Finnis, suggesting that these pegmatites are regional. A total of nine rock chip samples were tested, with no significant anomalies in lithium or other elements. The first year of field reconnaissance has failed to identify any Li-bearing pegmatite outcrops. Further field reconnaissance and geochemical exploration will be conducted.