This from the RMS quarterly regarding Tanami - Tanami Joint...

This from the RMS quarterly regarding Tanami -


Tanami Joint Venture (NT) – Ramelius earning 85%

The Tanami Joint Venture with Tychean Resources Ltd (ASX: TYK) progressed well during the quarter. Final copies of Mineral Exploration Agreements covering Highland Rocks (ELA27511 and 29829) plus Officer Hills South (ELA27995) in addition to the Groundrush (ELA27921), Mt Solitaire (ELA27997) and Groundrush South (ELA28493) applications were received from the Central Land Council. The locations of these ELA’s awaiting grant are shown on Figure 11.

During the quarter, Ramelius drilled 15 reconnaissance RC holes (SJRC0001 to SJRC0015) for an aggregate 1,206m over the granted Suplejack tenement (EL26625). The vertical holes were spaced 500m apart as a first pass drill test.

The Suplejack drilling was designed to scope for subtle base of unconformity anomalous geochemistry along the interface between the deformed and highly prospective Proterozoic Tanami Group stratigraphy and the overlying post deformation Ordovician basalt lava flows. Figure 12 highlights the thickness of the overlying basalt flows and attests to the targeting concept, where previous exploration over the project had failed to penetrate through the barren overburden.

Encouragingly, anomalous geochemical results have been returned for the drill hole assays received to date. The peak anomalous geochemical result is 2m at 27 ppb Au from 58m in SJRC004. Results from the adjacent hole SJRC003 are awaited. Unfortunately no anomalous gold (>10ppb Au) was recorded elsewhere in the drill holes. Nonetheless, compilation of the data is continuing and given the broad 500m spacing between the holes and the potential for depletion within the underlying weathered Tanami Group rocks the absence of any plus 0.5 g/t Au intersections is not considered discouraging at this stage. Trace element data is awaited. Trace element geochemistry and ASD (alteration logging) determination on fresher bottom of hole RC chips will assist in defining any bedrock trends worthy of further investigation. Infill drilling will be considered once all the gold and trace element results are available.

(See RMS quarterly for figures)