EL 31937 Illogwa Project Annual Report for the period 2 January 2021 to 1 January 2022

Abstract

EL 31937 (Project) is located approximately 145 km ENE of Alice Springs. The Project is located north of the Basil Cu-Co deposit (on EL 26942), and west of the important Ni-Cu-PGE prospects at Blackadder and Baldrick. 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 bedrock and alluvial Au deposits. Previous exploration and mineral development activities in the general Project area have highlighted several Cu-Co and Ni-Cu-PGE anomalies. 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 southern portions of the Project contain untested VTEM conductivity responses within a complex deformation zone. The potential for the Project area to contain economic mineralisation appears to be good, and further exploration assessment work is warranted.