Ann: Quarterly Activities and Cash Flow Reports, page-2

Highlights:
Completion of Reverse Circulation (RC) drilling program at the Barkly
Gold-Copper Project, located in the Northern Territory, Australia
Barkly is located approximately 45km east of the town of Tennant
Creek in the Northern Territory and is prospective for high-grade
Tennant Creek-style gold-copper-bismuth mineralisation, similar to
that discovered and mined at the nearby Peko Mine
The drilling program comprised seven (7) holes for 1,169.5m targeting
Tennant Creek style copper-gold mineralisation at the advanced
Bluebird Prospect
Multiple intersections of high-grade copper and gold mineralisation
have been encountered by the RC drilling program at Bluebird
Significant intersections include:
BBRC019 intersected 15m @ 3.46% Cu, 0.61g/t Au from 172m
BBRC015 intersected 20m @ 1.79g/t Au, 1.67% Cu from 156m
Hole BBRC019 ended in gold mineralisation with 1m @ 3.9g/t Au and
4.8% Cu end of hole
Mineralisation remains open along strike to west and at depth from
hole BBRC019
A number of additional geophysical targets remain to be tested along
the mineralised trend
The Bluebird Prospect is a 1.6km long gravity anomaly open to the east
where shallow geochemical drilling has identified a 600m long copper
anomaly overlying a zone of gold-copper-bismuth mineralisation
Investor interest in the Tennant Creek area has significantly increased
with further project M & A expected
Emerson Resources Limited (ASX: ERM) announced on 28 April
2020 that it had formed a strategic alliance with NT Bullion to
form a mining joint venture and complete a strategic premium
priced placement
Active exploration in the Tennant Creek area has attracted major
investment from Newcrest Mining Limited (ASX: NCM) and Rio
Tinto (ASX: RIO)
Middle Island Resources Limited (ASX: MDI) actively exploring its
IOCG Super-Project in the East Tennant Creek area