Benmara Project EL 32228 Benmara Annual Technical Report for the Period 29 March 2021 to 28 March 2022

Abstract

This report is a technical summary of all the work carried out by Resolution Minerals Ltd (RML) tenement EL 32228 (Benmara) during the reporting period 29/03/2021 - 28/03/2022. EL 32228 is one of the tenements which comprises RML's Benmara Project in the northeast of the Northern Territory, around 320km NE of Tennent Creek. The Benmara Project comprises the western end of the exposed east-west-trending Murphy Tectonic Ridge ('Inlier'), which marks the southeastern margin of the McArthur Basin and northern edge of the time-equivalent South Nicholson Basin. Most of the previous exploration in the tenement area has focussed on diamonds and uranium, with less work concentrating on gold and base metals until more recently. RML's focus at Benmara is on Base Metals, Uranium and Gold. In 2021, Resolution commenced exploration on permit EL 32228 to substantiate the area's prospectivity with reconnaissance field trips, an airborne EM survey (VTEM Max) and a scout RC drilling program with follow up geochemistry, petrology and total organic carbon analysis (TOC). The airborne EM survey identified km-scale conductors along the margin of the basin. A number of these conductors were tested by the RC drilling, the best of which intersected thick (194 m) pyritic, carbonaceous, laminated mudstone and shale units akin to Barney Creek Formation (southern McArthur Basin). This preliminary work supports the potential for sedimentary-hosted base metal mineralisation deposition within the project area. The evidence includes: prospective-aged package of reduced sediments with TOC content in the order of 1-3%; petrographic evidence for significant diagenesis and alteration; geochemical vectors including elevated Tl; favourable basin margin position; proximity to the intersection of regional scale structures, which are demonstrated conduits for base metal mineralisation along strike. The combination of these geological ingredients make this a standout greenfield exploration project with an unconstrained search space.