EL 31937 Illogwa Project Annual Report for the period 2 January 2022 to 1 January 2023

Abstract

EL 31937 (Project) is located approximately 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. Geological work adjacent to EL 31937 has located anomalous rock chip samples associated with a thin, NNE-striking limestone and calc silicate unit within the Irindina Gneiss. The limestone unit has been traced northwards for an approximate strike length of approximately 1.2km on to EL 31937. 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.