Option to Acquire High Pure Quartz Project in the Northern Territory

Highlights

Dingo Hole High Pure Quartz Project Highlights:

Dingo Hole High Pure Quartz Project

The Dingo Hole HPQ Project (EL31078) is located in the Georgina Basin, approximately 300km southeast of Tennant Creek (Figure 1). The project covers 35.16km² and was subject to limited exploration by Rum Jungle Resources Limited (Rum Jungle, renamed to Verdant Minerals Limited) from 2012 to 2016.

In 2015, Rum Jungle conducted a mapping and rock chip sampling program across the Dingo Hole project. 30 of the Dingo Hole samples tested were found to contain greater than 99.94% SiO₂ with only minimal sample preparation prior to assay (the samples were pre-leached with 20% Hydrofluoric acid at 60˚ for 4 hours and subsequently washed in Milli-Q water). While this is highly encouraging, it is the low levels of deleterious elements such as aluminium, titanium and lithium contaminants that highlight the project’s world-class potential (Figure 2). Nine of 30 ICP-SMS samples from Rum Jungle’s program contained less than the IOTA® standard for deleterious elements aluminium (Al) at 16.2ppm (16,200ppb), nearly all were better than the 200ppb (0.2ppm) IOTA® level for lithium (Li) and all were well below the 1.2ppm (1,200ppb) level for titanium (Ti).

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