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During the period of 12 December 2021 to 21 January 2022, Maosen Australia Pty Ltd undertook a diamond drilling program at the Braemar project.  Drilling was completed by Durock Drilling Co Pty Ltd using a Sandvick DE840 multipurpose drill rig. Two diamond drill holes were completed with a total depth of 365.6 m. Drillhole locations were determined using a hand-held GPS.  Cores were logged on site by Maosen’s consultant geologitsts. Table:                   Drillhole locations (MGA94 – Zone 54) TENEMENTHole IDTypeEastingNorthingAzimuthDipTotal Hole DepthEL6206BRDD001Diamond3764726321490285-60200EL6206BRDD002Diamond3766616321847285-60165.6 Drillhole location SG was measured using the GeoDynamics system…

A heritage survey was conducted by South Australian Native Title Services from 16th to 17th November 2021 to support the following drilling program.  Each proposed drill site location was assessed for ethnographic and archaeological significance using pedestrian survey techniques. As a result of the cultural heritage survey, clearance was provided by the Ngadjuri representatives for each drill site location, 2 camps and access tracks.

Ground magnetic survey was conducted by Greencapital Resources Pty Ltd on the tenement EL 6206, from 23rd October 2021 to 3rd November 2021.  The aim of the survey is to provide geophysical information to support investigation of the geological context and setting of the major regional aeromagnetic anomaly area.  The total completed survey lines are 43,580 m, covering the major anomaly area of the tenement.  Ground magnetic modelling indicates high amplitude magnetic responses associated with the Braemar Iron Formation. The total exploration target within the license is 2.5 Bt to…