EL 31543 Illogwa Project Annual Report for the period 2 January 2023 to 1 January 2024

Abstract

EL 31534 (Project) is located approximately ~145km ENE of Alice Springs and comprises three separate areas. Previous exploration and mineral development activities in the general Project area have highlighted several Cu-Co and Ni-Cu-PGE anomalies. Typhon is assessing 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. The eastern portion of the Project adjoins EL 26942 which covers the Basil Cu-Co deposit. There are a number of prominent faults and shear zones that extend from EL 26942 into the Project area. Several mafic-ultramafic intrusions have been mapped within the Project area, or are inferred to be located under shallow cover. Some of these intrusions are located close to AEM anomaly's, and areas containing anomalous Cu and Ni rocks chip values. The rugged terrain at Mt Ruby in the far western portion of the Project contains a number of untested AEM conductivity anomalies, as well as anomalous rock chip samples associated with compositionally layered sequences of the Riddock Amphibolite. The potential for the Project area to contain economic mineralisation appears to be good, and further exploration assessment work is warranted.