Technical Report on the Kirkimbie Project Exploration Licences 30655, 30657, 30219 and 29803 9 September 2018 to 8 September 2019

Abstract

Daylight Jack Minerals is currently carrying out a regional exploration programme for kimberlites and copper-cobalt-lead-manganese. The companies Kirkimbie project consists of four granted Exploration Licenses, EL 30655, EL 30657, EL 30219 and EL 29803 (Figure 1). As part of this re-assessment of the potential of this area for diamondiferous kimberlites and copper-cobalt-lead-manganese, Daylight Jack Minerals has conducted detailed airborne geophysical surveys and assembled semi regional survey data and historical company survey data which is available through NTGS. One of the main objectives of this study has been to merge these datasets wherever possible into a coherent database against which heavy mineral indicator results can be assessed in terms of likely kimberlite sources evident in the geophysical data. During the reporting period ground-based exploration activity involving a soil and rock sampling program was undertaken in June 2019 (Figure 2). The program included the collection of 31 Soil samples, 53 Rock chip samples and one (1) vegetation sample in areas of in situ outcrop and was designed to confirm the location and tenor of mineralisation. This year's program was based on target areas that were selected based on di-pole targets (Figure 2) selected from airborne magnetic survey modelling and previous elevated assay results for copper-cobalt-lead-manganese and chromium. The Company has been systematically collecting soil and rock chip samples from previously unsampled areas. The plan is to revisit these areas with elevated levels of copper, cobalt, lead and manganese to further assess their prospectivity. Daylight Jack Minerals has discovered potential areas for economic concentrations of copper-cobalt-lead-manganese as well as elevated levels of chromium indicating the presence of kimberlite pipes. The encouraging assay results and geological observations with all the information to date only reinforces and provides strong support for the exploration potential for a large intrusive style copper-cobalt-lead-manganese mineralising event and the potential for diamondiferous kimberlite.