Charley Creek GR086/09 Combined Annual Report for the period 7 February 2018 to 6 February 2019 ELs 24281, 25230, 27358, 27359, 28155, 28224 and 28226

Abstract

This Combined Annual Report for Group 1 (GR086/09) covers the seven subject licences currently held by Crossland Nickel Pty Ltd and operated by Crossland Strategic Metals Limited (Crossland) as part of the Charley Creek REE Project. The project area is centred approximately 95 km WNW of Alice Springs. Crossland has been exploring the region since 2005, initially for ultra-mafic hosted nickel deposits, then uranium following recognition of the potential of the Teapot Granite, a highly fractionated granitoid with an anomalously high uranium and thorium content. The focus turned to Rare Earth Element (REE) exploration in 2010 following the recognition of anomalous values of 'rare earths' in Aircore drill hole samples. The 2018 operational year has seen various activities take place both on and off-site. These activities include a Scoping Study by MSP Engineering Consultants; Compilation and subsequent detailed review (by SRK Consultants) of the Drilling and Geological Database, and Mining Process studies. Further Aircore drilling was recommended by SRK and planned for late 2018. The Central Land Council (CLC) conducted a Sacred Site Survey over the planned drilling area. Delays by the CLC caused a postponement of the drilling. Corporate activities saw the transferring to Crossland Strategic Metals Limited (Crossland) of the former Joint Venture partner, Essential Mining Resources Pty Ltd (EMR). Crossland now wholly owns EMR.