Annual Technical Exploration Report - Year 1, Exploration Licence EL 33138 From 21 July 2023 to 20 July 2024

Abstract

This Annual Report outlines exploration activities undertaken by the Operator on Exploration Licence EL 33138 from 18th July 2023 to 18th July 2024. This period represents Year One of the License. The Exploration Licence is situated on the Bauhinia Downs (SE5303) 1:250,000 map sheet in the McArthur Region of the Northern Territory. The tenement is located approximately 30 kilometers southeast of the settlement of Cape Crawford and is accessed via existing sealed and gravel roads. The target is sediment-hosted base metals (Cu, Zn, Pb, Ag). The target is supported by: The tenement is in the world famous North Australia Zn Belt, within a basin known to host world-class deposits (Figure 1); Favorable regional structural position; Interpreted local sub-basin analogous to host rocks in the McArthur River camp; Base metal mineral occurrences. Data compilation and desktop studies were completed during the reporting period. Expenditure for the reporting period is $35,880 with the covenant being $67,260, including overheads.