Group Annual Report for Exploration Licences 29747 and 31794 GR484 Lake Mackay Project from 13 October 2018 to 12 October 2019

Abstract

The Castile Resources Pty Ltd (Castile) tenements EL 31794 and EL 29747 are located approximately 500 km west-northwest of Alice Springs in the western Aileron Province of central Australia. EL 29747 was granted on 13th October 2017. EL 27748 and EL 31606 were also granted on 13th October 2017 and these two tenements were subsequently amalgamated into one tenement, EL 31794, on 28th February 2018. All three tenements form part of the Lake Mackay Project joint venture between Independence Group NL (IGO) and Prodigy Gold NL (PRX). IGO and PRX are presently funding the project expenditure. All on ground exploration since the tenement was granted has been conducted by IGO who are the operator. Exploration during the reporting period consisted of sacred site clearance surveys, collection of surface geochemistry (73 soil samples and 24 lag samples), collection of airborne geophysics data (2498.5-line kms of AEM electromagnetic surveys), collection of ground geophysics data (812 moving loop electromagnetic (MLEM) survey stations), and drilling of 26 reverse circulation holes totalling 6146 m.