Group Technical Report GR370, 8 December 2018 to 7 December 2019

Abstract

The Daly River Project comprises of Exploration Licences 28462, 29731 and 30521 (the licences). These licences are located approximately 90 to 100 km South of Darwin and have a combined area of 594.35 square km. The licences sit within the highly prospective Pine Creek Orogen and the Daly Basin. The area is known to host various commodities, which includes gold, uranium, base metals, PGE, iron ore, manganese, magnesite, phosphate and diamonds. During the reporting period, May Drilling conducted field reconnaissance trips to each of the ELs, obtained rock chip samples for laboratory analysis and a sample of historical drill core was submitted for laboratory analysis, prepared tracks and drill pads within EL 28462 and worked on geological assessments and reporting.