5th Annual Technical Report Roper Valley Iron Ore Project ML 29584 for the period 9 July 2018 to 8 July 2019

Abstract

Northern Territory Iron Ore Pty Ltd (NTIO) - Fifth Annual Technical Report for ML 29584 covers exploration activity from 9 July 2018 to 8 July 2019. The ML covers the largest iron oxide resource in the Project - Deposit C. The Roper Valley Iron Ore Project (the Project) camp at Area C is located 550 kms by road from Darwin via the Stuart Highway and then via Roper Highway east from Mataranka 140 kms towards Sherwin Creek. The Project area lies in the Western Macarthur Basin within Roper Group stratigraphy. NTIO explores and develops laterally extensive ironstone units associated with the Sherwin Formation. In 2018/19 the following exploration activities were conducted: Strip ratio assessment of Deposit C; Application of ore sorting and core scanning technology from existing drill core to optimise recovery; Independent accurate surveying of drill hole RLs to finalise drill section interpretations at Deposit C. In 2018/19 a trial was set up applying ore sorting and scanning technology on existing drill core. This was done to assess density variation within Deposits C and W and explain mineralogical differences that might improve iron recovery and density prediction for tonnes mined in a future mine operation. Limited available Sherwin drill core was obtained from Nagrom Laboratories in Perth.