Barkly Project Group Report GR560 for the period 29th June 2022 to 28th June 2023 EL 32544, EL 32545, EL 32546, EL 32547, EL 32548, EL 32549, EL 32550, EL 32551, EL 32731, EL 32732, EL 32733, EL 32734, EL 32922

Abstract

This document is submitted as a group report GR560 for Teck's Barkly Project exploration licenses. The Barkly Project is located on the eastern edge of the Barkly Tablelands and overlaps with the eastern South Nicholson Basin. Teck acquired the Barkly Project tenure based on seismic interpretations of publicly available seismic data, which suggested that the area may preserve Paleoproterozoic stratigraphy of the same or similar age and composition to the Lawn Hill Platform, concealed beneath widespread cover of the South Nicholson and Georgina Basins. Confirmation of such sequences could open a new search space for the discovery of large sediment-hosted massive sulfide (SHMS) Zn-Pb-Ag systems, similar to Mt Isa, George Fisher, and Century deposits. Teck plans to undertake a progressive plan of exploration to determine the prospectivity and explorability of the project area, initially employing large-scale geophysical surveys such as seismic and MT, followed by deep diamond drilling. Activities completed during the second reporting period consisted primarily of:- 2D Seismic reflection acquisition, three lines totaling 182.52 kilometres - a magnetotelluric (MT) survey comprising 155 stations - interpretation of newly acquired 2D seismic and MT data - planning of the Barkly 2023 diamond drill program For the current reporting period, a total of $ 2,142,784 was spent on the Barkly Combined Reporting GR560 licenses.