Charley Creek GR339 Combined Annual Report for the period 7 February 2018 to 6 February 2019 ELs 28434, 28795, 28866, 29789, 29853 and 30058

Abstract

This Combined Annual Report (GR339) covers the six subject licences held by Crossland Nickel Pty Ltd and Essential Mining Resources Pty Ltd (EMR) and currently operated by Crossland Strategic Metals Limited (Crossland). 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, which has anomalously high uranium and thorium content. The focus turned to Rare Earth Element (REE) exploration in 2010 following further analytical work on drill hole samples. The 2018 operational year has seen various activities take place both on and off-site. These activities, including the drillining on EL 25230,have relevance to the project as a whole and are therefore covered in this report. The 2018 work program included commencement of the Stage 1 Scoping Study by MSP Engineering Consultants, Drilling and Geological Database compilation and Mining Process studies. Assessment by SRK consultants of the drill database led to the recommendation of an infill drilling program. 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.