Group Annual Report EL 9250, EL 26619, EL 27125, EL 27126, EL 27979, EL 31330, EL 31331 and EL 31530 Suplejack Project GR166 from 30 November 2018 to 29 November 2019

Abstract

The Suplejack Project is located approximately 700 km NNW of Alice Springs in the northern portion of the Tanami Desert (Figure 1). The project currently comprises eight granted Exploration Licences - EL 9250, 26619, 27125, 27126, 27979, 31330, 31331 and 31530. Prodigy Gold NL (Prodigy) is exploring the tenements for gold mineralisation. At the Hyperion prospect resource area (EL 9250) a total of 32 AC holes for 2,733m were drilled to identify extensions of the east-west Hyperion structures to the east of the resource and extension of the Seuss and Hyperion Faults to the south and east of the resource. Gold and arsenic results seen in SJ0186 and SJ0187 indicate the mineralisation continues to the south of the resource. The drilling to the east appeared to close off the potential for extensions in that direction. At the Hyperion - Seuss prospect 2 diamond core holes for 463.3m were drilled through and adjacent to the Suplejack and Hyperion South Faults. Co-funded HYDD100054 was cored from surface to an EOH depth of 369.8m.; targeting the down dip extension to a sheared quartz-pyrite zone hosted in a graphitic black shale and interbedded siltstones and sandy-siltstones. The second diamond core hole SJRD0058 represents an extension (tail) of the 2018 RC hole SJRC0058 from 155.7m to an EOH depth of 249.2m targeting the true width of the off low-grade graphitic black shale which has yielding <0.3 g/t Au, from several RC hole drilled in late-2018 e.g. SJRC00056 and SJRC0058. The two diamond holes have confirmed that low gold grades (<0.3 g/t Au) are associated with a sheared quartz-pyrite graphitic rich black shale, interbedded with lenses of siltstones and sandy-siltstones. And that an intense deformation is present in the Killi Killi Formation as brecciation and shearing as board crush zones, adjacent to the Suplejack Fault. The deformation is observed over 10's of metres away from the structure. An 852 station ground gravity survey on a 250m x 50m orientation grid over ~ 9.8 km2 at the Hyperion prospect of the Suplejack project was completed to assess the technique as a method for mapping stratigraphy and deeper structural features. Preliminary analysis of the raw data indicated that stratigraphy and basement structures can be mapped out with this method. The 2019 gravity data should be merged and reprocessed.