Carrara Project EL 32577 Annual Technical Report for the Period 13 July 2021 to 12 July 2022

Abstract

This report is a technical summary of all the work carried out on tenement EL 32577 (part of the Carrara project) during the reporting period 13/07/2021 - 12/07/2022. On 4th February 2022, Resolution Minerals Ltd (RML) announced it had signed a binding term sheet with private company Cientifica Pty Ltd to Purchase a 100% interest in six exploration tenements (3 granted, 3 in application) which comprise the Carrara Range Project, including EL 32577. Resolution Minerals believes EL 32577, has the potential for economic sedimentary basin hosted base metals, manganese and iron ore mineralisation. At such an early stage of exploration RML intends to apply largely geophysical exploration methods which are effective screening tools across all sedimentary-hosted base metal deposit styles. During the reporting period the tenement was held by both Cientifica Pty Ltd and Resolution Minerals Ltd. The following was undertaken: Desktop reviews of historic reports and data; Review of ASTER imagery for the purposes of mapping manganese; Merging of open source geophysical data. Resolution Minerals only held the tenement for three and a half months during the reporting period and are still undertaking a full desktop review so are yet to complete target ranking. RML are keen to progress this area which has been largely under explored for base metals.