Report on Areas Relinquished April 18
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Perilya Limited Rockhampton Project EPM 15810 Partial Relinquishment Report For sub-blocks relinquished on 28/04/2018 Author: Alex Taube Date: June 2018 Distribution: Department of Employment, Economic Development and Innovation Perilya Limited, Perth A. Taube, Brisbane Perilya Limited Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 CONTENTS SUMMARY .......................................................................................................................... 3 1. INTRODUCTION ........................................................................................................... 4 2. TENURE, NATIVE TITLE, AND ABORIGINAL HERITAGE ......................................... 5 3. HISTORY OF EXPLORATION ...................................................................................... 9 4. GEOLOGY .................................................................................................................... 9 4.1 Stratigraphy .............................................................................................................................................................. 10 4.2 Structure .................................................................................................................................................................... 11 4.3 Geology of the areas relinquished ........................................................................................................................... 11 5. PHILOSOPHY AND OBJECTIVES OF EXPLORATION ............................................ 12 5.1 Exploration model .................................................................................................................................................... 12 5.2 Geophysics ................................................................................................................................................................. 13 5.3 Geochemistry ............................................................................................................................................................ 15 5.4 Objectives .................................................................................................................................................................. 15 6. WORK COMPLETED IN RELINQUISHED PARTS OF EPM 15810 ......................... 16 6.1 Work proposed: ........................................................................................................................................................ 16 6.2 Work completed: review of drilling and target appraisal .................................................................................... 16 6.3 Discussion: ................................................................................................................................................................. 16 6.4 Reason the holder has relinquished the area .......................................................................................................... 16 6.5 Significant mineralization identified ....................................................................................................................... 16 7. REFERENCES ............................................................................................................ 17 8. KEYWORDS ............................................................................................................... 19 Perilya Limited PAGE 1 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 LIST OF FIGURES Figure 1: Project Location Figure 2: Relinquished Sub-blocks Figure 3: Retained Sub-blocks Figure 4: Native Title Claim Boundaries Figure 5: Regional Geology of EPM 15810 Figure 6: Mt Morgan Geology Figure 7: Regional Geology with VTEM survey and retained areas LIST OF TABLES Table 1: EPM 15810 - Sub-blocks relinquished and retained Table 2: Stratigraphy APPENDICES Appendix 1: Report on a helicopter-borne versatile time domain electromagnetic (VTEM) and aeromagnetic geophysical survey, Golden Peaks project, Queensland for Hammer Metals Limited, by Geotech Limited Appendix 2: Report on Mt Morgan VTEM results, prepared by K Hine, Mitre Geophysics Perilya Limited PAGE 2 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 Summary Twenty eight sub-blocks were relinquished from EPM 15810 as a routine relinquishment. The EPM now consists of 41 sub-blocks essentially along the Dee-Ulam Range, some 30 km from Rockhampton, Central Queensland. No field work was carried out in the areas relinquished in the past 12 months. The only work done was interpretation of the previously flown VTEM survey. No significant anomalies were found in the relinquished areas and these relinquished sub-blocks have very low prospectivity. Perilya Limited PAGE 3 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 1. Introduction EPM 15810 of 192 sub-blocks was granted on 28 May 2008. The area was reduced to 96 sub-blocks on 27 May 2010. A reduction of 7 sub-blocks on 6/10/2010 was at the request of the Department of Employment, Economic Development, and Innovation and was designed to conform with Restricted Area (RA) 384. A further reduction of 20 sub-blocks was made on 26/06/2015. The present reduction of 28 sub-blocks brings the retained area to 41 sub-blocks. The area has been farmed out to other companies, the most recent being Hammer Metals, who recently withdrew from the Joint Venture The tenement is held by Perilya Limited (90%) and a local syndicate consisting of mssrs A.Taube, R. Kitching, and W. Bridges (10%). The Rockhampton Project is situated in hilly terrain approximately 25 kilometres southeast of Rockhampton and 500 kilometres north of Brisbane. Refer to Figure 1. Access to the area from Rockhampton is via the Razorback road to Moonmera, or along the Dawson Highway to Mt Morgan, thence by unsealed 4WD-only tracks. Perilya Limited PAGE 4 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 2. Tenure, Native Title, and Aboriginal Heritage The location of EPM 15810 is shown in Figure 1. Figure 1: Project Location Twenty eight sub-blocks were relinquished bringing the retained area to 41 sub-blocks. Figure 2 shows a map of the relinquished sub-blocks and Figure 3 shows retained sub blocks. Table 1 shows the sub-blocks relinquished and retained. Perilya Limited PAGE 5 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 Table 1 – EPM 15810 - Sub-blocks relinquished and retained SUB-BLOCKS RELINQUISHED Block 3102 sub-blocks t, u, y, z. Block 3103 sub-blocks v, w. Block 3174 sub-blocks h, n, o, s, t, u, y, z. Block 3175 sub-blocks c, h, q, t, v, w. Block 3247 sub-blocks b, c, p. Block3248 sub-blocks a, m. Block 3393 sub-blocks g, s, t. SUB-BLOCKS RETAINED Block 3102 sub-blocks r, s, w, x. Block 3174 sub-blocks c, d, e, j, k, p. Block 3175 sub-blocks a, b, f, g, l, m, n, r, s, x, y, z Block 3247 sub-blocks d, e, j, k, Block 3248 sub-blocks f, g, l, q, r, v, w. Block 3320 sub-blocks a, b. Block 3392 sub-block k, Block 3393 sub-blocks f, l. m, q, r. 28 sub-blocks relinquished, 41 sub-blocks retained The relinquished sub-blocks are covered by applications for two Native Title claims – Gangulu (QC97/021) and Darumbul (QC97/036). The Darumbal claim application was determined in June 2016. The Gangulu claim has not yet been determined. The boundary between the two claims follows the top of the Dee Range. Figure 4 shows the Native Title Claim Boundaries, alteration zones and retained sub-blocks. Perilya Limited PAGE 6 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 Figure 2: Relinquished Sub-blocks Perilya Limited PAGE 7 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 Figure 3: Retained Sub-blocks Perilya Limited PAGE 8 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 Figure 4: Native Title Claim Boundaries In order to ensure compliance with the provisions of current Queensland aboriginal heritage legislation, Perilya (through Minocqua Metals P/L) had previously engaged consultants from Spinifex Pty Ltd and Australian Ethnography Institute Pty Ltd to provide advice on native title and aboriginal heritage matters. Perilya Limited PAGE 9 Rockhampton Project: EPM 15810, Report on Areas Relinquished on 27 April, 2018 3. History of exploration CRAE carried out in 1965-68 a regional mapping and geochemical sampling programme under ATP’s 161/162M, covering the northern part of the area relinquished. Geopeko in 1968-80 carried out a regional mapping and geochemical sampling programme and also flew the area with INPUT, an aerial EM survey which included aeromagnetics, under AP508M. Pasminco Limited carried out a major programme of geochemistry and geophysics (UTEM) in 1991- 93 under EPMs 7725M and 8553M. Pasminco flew the area with detailed aeromagnetics and radiometrics. EPM 13491 was consolidated with several other EPMS into the present EPM 15810, held by Perilya (90%) and the syndicate of Taube, Kitching, and Bridges (10%). Newcrest carried out regional geochemical sampling and mapping, and drilled one RC hole in the Ironstone area under EPM 6010. No field work was undertaken by Perilya within the areas relinquished from EPM 15810 in the last 12 months. 4. Geology The project tenements cover the same sequence of Palaeozoic volcanics and sediments that host the Mount Morgan copper-gold mine which produced 50 million tonnes at 0.7% copper and 5gpt Au.