Ann: West Kimberley Exploration Update, page-36

An Extract from the IGO quarterly another indication why drilling by BUX did not and will not start

In the West Kimberley, three new binding agreements were entered into with Buxton Resources Limited. This will see IGO become the majority holder and operator of the Merlin and adjacent Quick Shears tenements and will also increase IGO’s ownership of newly acquired tenements from 1 August 2019 in the West Kimberley JV Area of Interest. Other Earn-in and joint venture agreements are also being pursued to further expand IGO’s footprint within the West Kimberley.

Portable XRF traverses over areas of outcrop were undertaken on granted tenements north of Fitzroy Crossing. This consisted of 342 pXRF readings and 130 rock chip samples (laboratory assays pending).

The December 2019 quarter forward plan for the West Kimberley includes a project-scale 100m line-spaced airborne magnetic and radiometric survey focused on the Marboo Formation and Ruins Intrusive Suite, and processing and interpretation of the Spectrem airborne EM survey data.