Fenn Gap Iron-Manganese Project (Genesis 100%)

The Fenn Gap project is located approximately 25 kilometres south west of Alice Springs in the Northern Territory. The project is close to major infrastructure such as the Stuart Highway and the Alice Springs to Adelaide Railway. The project comprises one granted Exploration Licence (EL 24839) which covers a total area of 98 km2.

Fenn Gap is prospective for iron and manganese. The known manganese mineralisation at Fenn Gap occurs in the eastern part of the licence area where previous rock-chip sampling has outlined a strata-bound dolomite-hosted manganese-rich zone over several kilometres in length with manganese grades up to 50.9% Mn (averaging 39% Mn). Geological mapping conducted by Genesis has delineated over 9.9 kilometres of outcropping goethite (iron) mineralisation (between 43% and 53% Fe) with moderate grade (33.2% Mn) manganese assays obtained from the Table Prospect area.

Through geophysical consultation with Resource Potentials Pty Ltd in Western Australia, they recommended that ground gravity survey based on 400m line spacing and 50m stations across the lines would potential delineate the extensive lodes for drill testing.

The survey was successful in defining broad scale gravity anomalies which can be correlated in most instances to mapped outcrop and goethite/manganese mineralisation. The residual filtering and modelling has highlighted local areas of gravity anomalism which indicate areas of higher density, and it is recommended these be followed up by a drilling campaign to suitably test these areas.

The modelling showed that a source bodies with widths of 30-40m, 100m depth extents and similar strike extents to the mapped mineralisation provided a good correlation to the gravity anomaly. All model bodies had dips 70° to the south and are located to the north of the gravity anomaly, which suggests that the gravity response is due to a down dip component rather than the surface mineralisation.

A review of the geology and potential for mineralisation corresponding to the strong gravity anomalies in the north of the survey area should be undertaken to determine if these are due a more silicified/dense stratigraphic unit of the Bitter Springs Formation or if it may potentially represent mineralisation at depth.