North Batten Amalgamted Group Reporting GR504 reporting period 30 September 2018 to 29 September 2019

Abstract

On 29 May 2013, MMG Exploration Pty Ltd (MMG) executed a Joint Venture Agreement (JV) with Sandfire Resources NL (Sandfire). A total of 11 granted and 2 application exploration licenses, referred to as the North Batten Combined Reporting GR321, are held in the McArthur region of the Northern Territory. On 21 April 2019 MMG left the JV, returning the 11 exploration licences and 2 applications, referred to now as the North Batten Combined Reporting GR504, to Sandfire. Partial surrenders from seven tenements within the group, EL 26833, EL 26835, EL 26836, EL 30137, EL 30152, EL 30156 and EL 30158, were lodged during May, effective from 9 June, 2019. The North Batten Project Area is situated within the highly prospective Batten Fault Zone of the McArthur Basin. The primary exploration target in the reporting period was zinc-lead deposits in black shales of the McArthur Group. During the JV period, MMG has conducted a systematic desktop review of past exploration and existing interpretations based on structure, stratigraphy and geochemistry. Following several years of surface sampling, geophysical surveys and diamond drilling, 2018 saw a large-scale IP program across the North Batten project area and several follow-up diamond drill holes. The 2018 - 2019 reporting period saw the drilling of 6 diamond drill holes totalling 2672.9 m. This report presents the findings for the 2018 holes NB17DD054, NB18DD056 - NB18DD060. These holes were drilled in the Rosie Creek, Berjaya and Rosie East areas. Most of these holes were IP chargeability anomaly targets however the holes east of the Emu Fault (NB18DD056 and NB18DD060) were conceptual structural/geochemistry targets. The holes in the Greater Rosie Creek area sought to intersect or test for extensions to the pyritic shale envelope that was found within the Barney Creek Fm at Rosie Creek in 2016. Drilling at Berjaya sought to follow up low-grade Zn mineralisation in MMG drill hole NB16DD018 drilled in 2016.