NCM drilling:NCM announcements with asterisked data...

NCM drilling:

NCM announcements with asterisked data added

	10.9.20	Exploration Update	Nil
1	Oct 20	Sep 20 Quarterly Exploration Report	Newcrest is the holder of granted titles as well as 4 application areas in the recently recognised Tennant East domain. Planning for future work programs including drill testing covering the granted title has commenced.
2	10.12.20	Exploration Update	Nil
3	Jan 21	Dec 20 Quarterly Exploration Report	Newcrest is the holder of 2 granted titles* as well as 4 application areas** in the recently recognised Tennant East domain. Planning for future work programs, including drill testing covering the granted title, has commenced with field activity planned for post wet season.
4	11.3.21	Exploration Update	Nil
5	Apr 21	Mar 21 Quarterly Exploration Report	Newcrest is the holder of 6 granted titles as well as 7 application areas in the recently recognised Tennant East domain. Drill testing on the initial 2 target areas of Lantern and Sabretooth commenced in April 2021.
6	10.6.21	Exploration Update	Newcrest is the holder of 6 granted titles as well as 7 application areas in the recently recognised Tennant East domain. Drill testing on the initial 2 target areas of Lantern and Sabretooth commenced in late April 2021.
7	Jul 21	Jun 21 Quarterly Exploration Report	Newcrest is the holder of 6 granted titles as well as 7 application areas in the recently recognised Tennant East domain. Initial drill testing on the initial 2 target areas of Lantern and Sabretooth has been completed with assay results pending.
8	9.9.21	Exploration Update	Work programs continue at the Tennant East project (located 300km east of Tennant Creek) with gravity surveys over the initial 2 target areas now completed. Follow up IP (induced polarisation) surveys will commence in Sep 2021 followed by scout drill testing in Oct 2021.
9	Oct 21	Sep 21 Quarterly Exploration Report	Work programs continue at the Tennant East project (located 200km east of Tennant Creek) with gravity surveys over the initial 6 target areas now completed. Follow up IP (Induced Polarisation) surveys commenced in Sep 2021 and are ongoing. Scout drilling will be completed on defined coincident gravity, magnetic and IP targets pending the wet season in calendar year 2022.
10	9.12.21	Exploration Update	Work programs focussing on undercover targets at the Tennant East project (located 200km east of Tennant Creek) have been completed over the initial 6 target areas. Induced polarisation (IP) data processing is currently progressing. Scout drilling is planned to be completed on defined coincident gravity, magnetic and IP targets in calendar year 2022.

* EL’s 31963 and 31964 granted 6.2.19
** EL’s 32299, 32300, 32302, 32303 granted 4.2.21

My Conclusions

1. NCM’s “target areas” appear to coincide with EL’s, not specific locations within an EL.
2. Lantern appears to refer to either 31963 and 31964, and Sabretooth the other.
3. NCM were awarded co-funding for drilling Fangtooth (EL 32303) in early Jun 21. Fangtooth may have been drilled after Lantern/Sabretooth completed in Jun 21 (using the same rig), but uncertain because they do not mention Fangtooth.
4. NCM have avoided wet season drilling on their licenses so far.
5. NCM will probably recommence scout drilling after the 21/22 wet season.