EL29013 FIRST ANNUAL REPORT For period from 16/05/2012 to 15/05/2013 AILERON PROVINCE PROJECT NT Mount Peake SF5305 Willowra 5455 1:250,000 1:100,000 Commodity: Gold, Uranium, Copper, Zinc-Lead, Iron, Phosphate Titleholder: Tropical Resources Pty. Ltd Report No. 2013-015 Tropical Resources Pty. Ltd By Mingjin HOU 11st July 2013 Annual Report EL29013 Report 2013-15 CONTENTS 1. SUMMARY................................................................................................................ 1 2. LOCATION AND ACCESS......................................................................................1 3. TENEMENT STATUS AND OWNERSHIP........................................................... 3 4. GEOLOGY.................................................................................................................4 5. PREVIOUS EXPLORATION...................................................................................5 6. EXPLORATION DURING YEAR 1........................................................................ 6 7. PREPARING EXPLORATION FOR YEAR 2....................................................... 6 8. EXPENDITURE........................................................................................................ 6 9. CONCLUSION AND RECOMMENDATION.....................................................6 10. REFERENCES....................................................................................................... 7 List of Figures Figure 1 Location Map of EL 29013 ......................................................................... 2 Figure 2 Landholders and Lease Numbers displayed inside EL 29013.................. 3 Figure 4 Geological Map of EL 29013..................................................................... 4 List of Tables Table 1 List of the previous exploration Licenses...................................................5 Table 2 Expenditure on EL29013...........................................................................6 a Annual Report EL29013 Report 2013-15 1. SUMMARY EL 29013 is about 980Km of SSE1680 of Darwin, and about 280km of NNW3400 of Alice Springs, just 100km of west side of the Stuart Highway. Tropical Resources Pty Ltd applied for EL29013 primarily to explore for Gold, Uranium and secondly to evaluate the potential for other types of economic mineralisation such as Iron and Phosphate. Work during Year 1 of tenure consisted of a review of NTGS data and Open File Company reports (geological and geophysical), and a short field trip. Work during Year 2 will include field reconnaissance, data evaluation and progressing to geological and geophysical survey. 2. LOCATION AND ACCESS EL 29013 is about 980Km of SSE1680 of Darwin, and about 280km of NNW3400 of Alice Springs, just 100km of west side of the Stuart Highway (Figure 1). Access is along the Stuart Highway from Darwin. There are several rough road can be reach to the Lease. Topography is plains, several rivers cross the land. Access is advisable in the dry season only. The Willowra station is located on the northwest corner; it can be a stop site during the field work. The tenement has numerous creeks which can flood in heavy rains during the wet season. 1 Annual Report EL29013 Report 2013-15 Darwin Alice Springs Figure 1 Location of EL29013 in Topography (Red polygon show former EL areas, green polygon show remained blocks) 2 Annual Report EL29013 Report 2013-15 3. TENEMENT STATUS AND OWNERSHIP EL 29013 was granted on 16th June 2012 and expires on 15th June 2018 for a term of six years. It comprises 94 graticular blocks (277.92 sq km). Tenement reduction for the end of first year was undertaken with 63 of 94 blocks dropped (figure1) (99.22 sq km). There are no other mining leases or mineral claims shown within the License boundaries. Underlying cadaster is Perpetual Pastoral Lease. Landholder is as below: NT Portion 361, Pastoral Lease 1057,Anningia Anmatjere STUART(Figure 2). The expenditure covenant set for the first year was $24,100. NT Por 361 Figure 2 Landholder and Lease Number displayed inside EL 29013 3 Annual Report EL29013 Report 2013-15 4. GEOLOGY EL29013 is situated within the Aleron Province, a wildly quaternary sedimentary cover the tenement. The 1:250,000 Geological map covers the tenement area (Mount Peake, 2005). The bad-rock of the tenement area show as Figure 3. Figure 3 Geological Map of EL 29013 from 1:2500000 geologic map The tenement areas lie upon geology of the Arunta Region and more specifically of the Aileron Province. The Arunta Region is a complex basement inlier in central Australia that has undergone aprolonged history of sedimentation, magmatism and tectonism extending from the palaeoproterozoic to the Palaeozoic. The Arunta Region can be subdivided into the three, largely fault bounded terranes with distinct geological histories: the Aileron, Warrumpi and Irindina Provinces. The Aileron Province comprises greenschist to granulites facies metamorphic 4 Annual Report EL29013 Report 2013-15 rocks with protolith ages in the range 1865-1710 Ma. It forms part of the North Australian Craton and is geologically continuous with the gold-bearing Tanami and Tennant Regions to the north. In contrast, the Warrumpi Province comprises amphibolite to granulite facies rocks with protolith ages in the range 1690-1600 Ma, and is interpreted to be an exotic terrane that accreted to the southern margin of the North Australian Craton at 1640 Ma. Several sub-economic occurrences of copper-lead-zinc, gold, Uranium, tin, tungsten, tantalum, mica, nickel, chromium and semi-precious stones are known from the Arunta Region. There is significant potential for gold in the northern and western Aileron Province adjacent to the Tanami Region, and untested base metal potential in the Warrumpi Province. 5. PREVIOUS EXPLORATION Exploration has been carried out in the area since 1973 but just only one company worked on this area(Some of them show in Table 1), Exploration primarily involved rock chip, soil and stream sampling for gold and some base metal analysis. Table 1 List of the previous exploration Licenses EL Number Expiry Date Company Reports EL50 6/02/1973 CR1973-0007|CR1974-0030 EL51 17/01/1973 CR1973-0008|CR1974-0031 EL775 CR1972-0034|CR1973-0170 EL4187 CR1984-0141 CR1998-0060|CR1996-0912|CR1994-0383|CR19 EL7559 11/12/1997 94-0184|CR1993-0085|CR1996-0047|CR1999-00 28|CR1999-0029|CR1996-0173|CR1995-0107 EL8717 14/07/2000 EL9535 17/07/2002 CR1995-0585|CR1996-0637|CR1997-0504|CR19 96-0793|CR1997-0616|CR1998-0654 CR1997-0505|CR1998-0655 5 Annual Report EL29013 Report 2013-15 6. EXPLORATION DURING YEAR 1 During first year, Tropical Resources exploration consisted of historic data compilation including tenure, datasets, open file reports and geo-referencing of relevant maps. This enabled an informed review of the tenements prospectively in regards to Gold and Uranium, Copper, Zinc-Lead, Iron and Phosphate. Field reconnaissance was also completed. 7. PREPARING EXPLORATION FOR YEAR 2 Working program for Year 2 included: a) Some geological surveying b) Proposal Geophysical survey after Geological survey c) Proposal IP Section survey Expenditure is expected to be at least $35,000. 8. EXPENDITURE Expenditure consisted of: Table 2 Expenditure on EL 29013 $2,000.00 Ground Geological survey Office studys $22,000.00 Overheads $2,000.00 TOTAL $26,000.00 9. CONCLUSION AND RECOMMENDATION The exploration target is Gold and Uranium, Iron and Phosphate. However through analysis of historical exploration data and superficial traversing of EL 29013, most of the area is covered by Quaternary sedimentary, w i t h no large scale host rock Gold occurrences. T R C reduced blocks at the end of year 1, from 94 to 31. Next year, TRC 6 Annual Report EL29013 Report 2013-15 geologist plan to complete a Geophysical survey with a focus on the basement rocks, phosphate, base metals and Iron. 10. REFERENCES Donnellan N, 2006. Mount Peake, Northern Territory (Second Edition). 1:250 000 scale geological map, SF 53-05. Northern Territory Geological Survey, Darwin. Copyright This document and its content are the copyright of Tropical Resources Pty Ltd. The document has been written by Tropical Resources Pty Ltd for submission to the Northern Territory Department of Mines and Energy as part of the tenement reporting requirements under the Mineral Titles Act 2010. Any information included in the report that originates from historical reports or other sources is listed in the “References” section at the end of the document. Tropical Resources authorise the Department to copy and distribute the report and associated data. 7
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