EL 31937 Illogwa Project Annual Report for the period 2 January 2023 to 1 January 2024

Abstract

EL 31937 (Project) is located approximately ~145km 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. The southeastern and southwestern portions of the Project contain linear trains of AEM anomaly picks within the Irindina Gneiss. Some of these AEM anomalies are associated with gossanous material. The potential for the Project area to contain economic mineralisation appears to be good, and further exploration assessment work is warranted.