GR618 Charley Creek North Project Combined Annual and Final Report EL 33004, EL 33005 and EL 33008 for the period 05 August 2022 to 04 August 2025

Abstract

This Final Technical Report covers EL 33004, EL 33005, and EL 33008, which together with EL 33204 formed the Charley Creek North Project (GR 618), located approximately 150 km northwest of Alice Springs. EL 33004, EL 33005, and EL 33008 are now being relinquished and are the focus of this report, while EL 33204 continues to be held by URO Corporation. Areas of each tenement were relinquished after year two, to focus efforts. Across the life of their tenure, the Charley Creek North tenements were explored for a range of commodities under multiple deposit-style models, including IOCG-U, felsic intrusion-related uranium and rare earths, palaeochannel-related calcrete and redox-style uranium, mafic intrusion-related nickel, copper, vanadium and PGEs, and polymetallic metamorphic-related systems. Exploration over the first 2 years included extensive ground-based soil and rock chip sampling programs, complemented by office studies, literature reviews, and target generation. This work ultimately led to the planning and execution of an air core (AC) drilling program across the Charley Creek North Project area, comprising 8 holes in EL 33004, EL 33005 and EL 33008, totalling 195 m. The program utilised a SciAps X-555 portable XRF for real-time analysis, analysing all drill metres, with a selection of samples later submitted for laboratory assay. Due to company priorities and the need to focus resources on higher-ranking projects, no field work was completed in the final reporting period and URO has elected to relinquish EL 33004, EL 33005, and EL 33008. However, these licences are still considered to remain prospective for future exploration.