EL 31543 Illogwa Project Annual Report for the period 2 January 2021 to 1 January 2022

Abstract

EL 31534 (Project) is located approximately 145 km ENE of Alice Springs and comprises three separate areas. The central and western areas of the Project adjoin EL 26942, which is registered to Mithril Resources Pty Ltd, and covers the Basil Cu-Co deposit, as well as a number of important Cu-Co and Ni-Cu-PGE prospects, such as Manuel, Miggins, Bob and Hammerhead. Typhon is assessing the potential of the Project for Basil-style Cu-Co sulphide deposits, Ni-Cu-PGE sulphide mineralisation associated with mafic and ultramafic intrusions, as well as alluvial Au deposits. During the reporting period, Typhon compiled and historical geological, geophysical, remote sensing and exploration work undertaken over the Project area. Geological reconnaissance was undertaken during May and June 2021, however, further ground work was deferred owing to COVID-19 access restrictions. The eastern and western portions of the Project contain untested VTEM conductivity anomalies. The potential for the Project area to contain economic mineralisation appears to be good, and further exploration assessment work is warranted.