Walabanba Project Annual report EL 26848, 4 March 2018 to 3 March 2019

Abstract

The Walabanba Hills Project is operated by Todd River Metals Pty Ltd, a wholly owned subsidiary of Todd River Resources Ltd. The project comprises a single exploration licence (EL 26848) in the north-central portion of the Paleoproterozoic Arunta Province. The Walabanba licences were acquired with a view to exploration for primary base metal sulphides, nickel and magnetite hosted vanadium-titanium, as found in the Mount Peake Fe-V-Ti deposit to the east. Sampling was undertaken on the Bismark Prospect within the Anningie Tin Field in 2017. 340 samples were sent for analysis and 12 samples sent for XRD mineral identification. Spodumene was identified in three of the 12 samples. During the current reporting year seven samples were sent for thin section analysis, all of which were shown to contain likely spodumene. Further investigation of the lithium bearing pegmatites within the Anningie Tin Field is warranted.