GR468 EL 29475 Adnera Hill, EL 30797 Ooralingie, EL 31292 Buggy Camp, Neutral Junction Project Combined Annual Report for the period 15 January 2018 to 14 January 2019

Abstract

Combined tenement group GR468 comprises; EL 29475 (Adnera Hill), EL 30797 (Ooralingie) and EL 31292 (Buggy Camp). GR468 is part of the Neutral Junction project, which is located 250km north of the regional centre Alice Springs. Bowgan Minerals Limited is the current operator of GR468. Exploration is currently aimed at identification of potential occurrence of economic gold, silver and base metal mineralisation within an iron oxide-copper-gold (Tennant Creek-style IOCG) deposit setting. Exploration conducted on GR468 during the reporting period included; preparation and analysis of 15 rock chip samples by pXRF, processing and interpretation of ground magnetic and gravity datasets, inspection of historical drill core samples at the NTG core library in Alice Springs, review of historical drilling completed in the project area and commencement of development of a 3D correlational drilling database to assist with future exploration planning and the commencement of target generation work and drill hole design for a proposed program of first-pass exploration drilling.