Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CONSTELLATION RESOURCES LIMITED Regulatory Filings 2021

Apr 21, 2021

64701_rns_2021-04-21_535b506e-6860-43be-81bf-0acaec0bae32.pdf

Regulatory Filings

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT 22 April 2021

ADDITIONAL TRACE MAGMATIC NICKEL SULPHIDES IDENTIFIED IN MULTIPLE DRILL HOLES AT FRASER RANGE

Constellation Resources Limited (the “Company” or “Constellation”) is pleased to provide the following update on its exploration activities at the Orpheus Project in the Fraser Range of Western Australia.

HIGHLIGHTS

  • Completion of 15 infill air-core (“AC”) drill holes over tenement E28/2403, assays pending.

  • Additional petrological samples continue to return trace levels of magmatic nickel-copper (“NiCu”) sulphides in multiple holes over the extensive Eyre Ni-Cu-Co-PGE anomaly. With previously reported petrology, trace levels of nickel sulphides can now be mapped in a fertile intrusive unit over a 2km strike length, confirming scale prospectivity.

  • Ni-Cu soil anomaly at the historic McPherson Prospect on southern tenement E63/1282 found to have coincident late time VTEM[Max] conductor following review of historical geophysical dataset.

==> picture [397 x 374] intentionally omitted <==

Figure 1: AC drill results including Eyre Anomaly, geochemical footprints, MLTEM anomaly over aeromagnetics.

Level 9, 28 The Esplanade PERTH WA 6000 tel +61 8 9322 6322 fax +61 8 9322 6558 email [email protected] ABN 57 153 144 211 constellationresources.com.au

22 April 2021

AIRCORE DRILLING AND PETROLOGICAL SAMPLES – E28/2403

Air-Core Drilling

The latest AC infill drilling program was completed during March for a total of 1,535 metres with 13 effective holes reaching basement of a proposed 20-hole program. The infill drilling program targeted a number of Ni-Cu-Co-PGE geochemical footprints including the extensive (3km by 0.4km) Eyre Anomaly (Figure 1). Assays for the latest AC program are pending. The Company plans to recommence AC drilling this quarter, with an aim to complete the northern Eyre Anomaly infill holes to approximately 100 metre centres. The results from the current and proposed AC drilling programs will be processed to optimise the locations of an anticipated reverse circulation (“RC”) drilling and downhole electromagnetics program.

Petrological Samples

Additional optical petrological analysis by Minerex Services Pty Ltd from holes KAC0082 and KAC0147 located within the middle and northern sections of the Eyre Anomaly, have confirmed trace levels of magmatic Ni-Cu sulphides hosted in fertile olivine gabbronorite intrusive units (Figures 1 and 2).

Combined with previously reported Eyre Anomaly petrology results at the southern end of the anomaly, the magmatic Ni-Cu sulphide occurrences have now been identified over a 2km strike length ( refer ASX announcement dated 19 January 2021 for further details ). The Ni-Cu sulphide occurrences in addition with the associated pathfinder (Ni-Cu-Co-PGE) regolith anomaly, both track along the base of an interpreted large, and highly prospective fertile olivine bearing intrusion suite.

The link between nickel sulphides with associated pathfinder geochemistry is considered highly promising. The results underscore the nickel sulphide fertility of the intrusions and its prospectivity to potentially host an economically viable deposit in the tenement area.

==> picture [388 x 257] intentionally omitted <==

----- Start of picture text -----

KAC0147
----- End of picture text -----

Figure 2: Magmatic sulphides occurrence in KAC0147 comprising of pyrite, violarite (after pentlandite – Ni sulphide) and

chalcopyrite, Cu Sulphide) in an olivine gabbronorite host.

Page 2 of 11

constellationresources.com.au

22 April 2021

HISTORIC MCPHERSON PROSPECT - E63/1282

The Company recently completed a review of historic and newly released open file work programs over its tenement, E63/1282 and as such has reassessed the prospectivity of the historic McPherson Prospect (“McPherson”) located in the north-east corner of the tenement. McPherson is a coherent Ni-Cu soil anomaly that resides directly above a north-west trending magnetic unit that could represent a favourable intrusive unit to host nickel sulphides (Figure 3). McPherson is located 30km south west of Independence Group Limited’s Nova nickel mine (Figure 5).

The McPherson soil anomaly was originally delineated by Enterprise Metals Limited (“Enterprise”) (ASX: ENT) in 2013 (refer ENT ASX announcement 24 July 2013 for further details). The soil anomaly was defined on a 200 metre x 100 metre grid with individual maximum values reported up to 104ppm Ni, 73ppm Cu and 28 ppm Co. Enterprise also reported the results of a helicopter borne electromagnetic survey system (“HeliTEM”) that covered the areas of anomalous Ni-Cu soil geochemistry. Analysis of the HeliTEM data indicated a number of second order late time electromagnetic responses, some of which were coincident with the Ni-Cu anomalies at the McPherson area. All late time responses generated by this program remain untested by drilling.

==> picture [255 x 240] intentionally omitted <==

==> picture [255 x 240] intentionally omitted <==

Figure 3 and 4: Left - Ni-Cu soil geochemical footprints over first derivative aeromagnetics. Right - Proposed MLTEM survey over VTEM and HeliTEM anomalies.

A review of open file geophysical datasets was recently completed by Russell Mortimer from Southern Geoscience Consultants. The review incorporated a high quality 2013 open file versatile time domain electromagnetics (“VTEM[Max] “) dataset that was commissioned by a peer exploration company on the adjoining tenement. The flight lines of the VTEM[Max] survey were extended beyond the adjoining tenement, fortuitously covering the McPherson soil anomaly. The review of the superior VTEM[Max] dataset indicates the presence of a first order more coherent late time bedrock conductor beneath the McPherson soil anomaly (Figure 3 and 4).

Page 3 of 11

constellationresources.com.au

22 April 2021

A recent reconnaissance trip by the Company has confirmed the area around McPherson has no outcrop and the basement units are concealed under cover. No historic drill holes were identified or surface cultural effects that may lead to false positive airborne electromagnetic responses. Three small soil traverses were also completed by the Company comprising 21 samples over the McPherson Ni-Cu soil anomaly for Au and PGEs (historically no PGE results have been collected over the tenement). Low order results up to 7ppb Au and 2ppb (Pt+Pd) were returned (Refer to Appendix 1 for details results).

In light of the above review, a high priority surface high powered moving loop electromagnetic survey (“MLTEM”) has been approved by the Company to cover the McPherson soil anomaly and ground truth selected airborne electromagnetic anomalies of interest. The proposed MLTEM survey comprises of 13 lines for 14.5kms and is expected to commence in the coming weeks (Figure 4). If a MLTEM bedrock conductor of interest is identified, RC drilling is proposed as the next step as cover is not thought to be excessive.

For further information, please contact:

Peter Woodman Peter Muccilli Managing Director Technical Director Tel: +61 8 9322 6322 Tel: +61 8 9322 6322

COMPETENT PERSONS STATEMENT

The information in this report that relates to Exploration Results is compiled by Peter Muccilli, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Muccilli is a Technical Director of Constellation Resources Limited and a holder of options in Constellation Resources Limited. Mr Muccilli has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Muccilli consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

FORWARD LOOKING STATEMENTS

Statements regarding plans with respect to Constellation’s project are forward-looking statements. There can be no assurance that the Company’s plans for development of its projects will proceed as currently expected. These forwardlooking statements are based on the Company’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

This ASX Announcement has been approved in accordance with the Company’s published continuous disclosure policy and authorised for release by the Company’s Managing Director, Peter Woodman.

Page 4 of 11

constellationresources.com.au

22 April 2021

ABOUT THE FRASER RANGE TENEMENTS

The Company manages the Orpheus Project (Figure 5), comprising six tenements covering approximately 558km[2] in the Fraser Range province of Western Australia. In the Fraser Range, certain Proterozoic mafic/ ultramafic intrusion suites are prospective to host nickel-copper sulphide mineralisation. The region is currently experiencing high levels of exploration activity for nickel following the Nova, Silver Knight, Mawson and Lantern discoveries.

The Orpheus Project includes a 70% interest in three mineral exploration licences (E28/2403, E63/1281 and E63/1282) and one mineral exploration licence application (ELA63/1695). The granted exploration licences form part of a joint venture between the Company (70%) and Enterprise Metals Limited (“Enterprise”) (30%, ASX: ENT). Pursuant to the joint venture agreement, the Company is responsible for sole funding all joint venture activities on the tenements, which form part of the joint venture, up to completion of a bankable feasibility study.

Additionally, the Company has further 100% interests in two exploration licences (E28/2738 and E28/2957).

==> picture [460 x 381] intentionally omitted <==

Figure 5: Tenement Plan - Orpheus Project.

Page 5 of 11

constellationresources.com.au

22 April 2021

Appendix 1: Drill Hole Data and Soil Results

Table 1: Aircore Drilling Collar Details*

Hole ID MGA51East MGA51North MGARL Dip EOH Depth
KAC0139 625802 6570098 195 -90 118
KAC0140 625800 6570301 195 -90 99
KAC0141 625700 6570195 195 -90 104
KAC0142 625895 6570194 195 -90 99
KAC0143 626303 6570704 195 -90 104
KAC0144 626300 6570900 197.5 -90 101
KAC0145 626503 6570702 197.5 -90 92
KAC0146 626098 6570904 197.5 -90 115
KAC0147 626101 6571156 197.5 -90 112
KAC0148 625105 6571401 197.5 -90 123
KAC0149 626109 6571691 197.5 -90 110
KAC0150 625250 6568907 197.5 -90 93
KAC0151 625350 6568800 195 -90 89
KAC0152 625150 6568800 195 -90 95
KAC0153 625249 6568697 195 -90 81

* For all previous AC drill results, please refer to ASX Announcements dated 14/7/2020, 29/10/2020 and 19/1/2021.

Table 2: Summary Soil Results

Sample No Easting Northing Lab **Auppb ** **Ptppb ** **Pdppb **
MPS1 494300 6471900 MPS1 3 1 1
MPS2 494400 6471900 MPS2 3 1 1
MPS3 494500 6471900 MPS3 3 1 1
MPS4 494600 6471900 MPS4 2 <1 <1
MPS5 494700 6471900 MPS5 3 1 2
MPS6 494800 6471900 MPS6 1 <1 <1
MPS7 494900 6471900 MPS7 1 <1 <1
MPS8 494300 6471700 MPS8 3 <1 <1
MPS9 494400 6471700 MPS9 2 <1 <1
MPS10 494500 6471700 MPS10 2 1 1
MPS11 494600 6471700 MPS11 3 1 <1
MPS12 494700 6471700 MPS12 7 1 1
MPS13 494800 6471700 MPS13 5 <1 1
MPS14 494900 6471700 MPS14 3 <1 1
MPS15 494300 6471500 MPS15 3 1 1
MPS16 494400 6471500 MPS16 3 <1 <1
MPS17 494500 6471500 MPS17 2 <1 <1
MPS18 494600 6471500 MPS18 4 1 1
MPS19 494700 6471500 MPS19 2 <1 <1
MPS20 494800 6471500 MPS20 3 1 1
MPS21 494900 6471500 MPS21 3 <1 <1

Page 6 of 11

constellationresources.com.au

22 April 2021

Appendix 2: JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels, random
chips, or specific specialised industry standard
measurement tools appropriate to the minerals under
investigation, such as down hole gamma sondes, or
handheld XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of mineralisation that are
Material to the Public Report.
In cases where ‘industry standard’ work has been done this
would be relatively simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from which 3 kg was
pulverised to produce a 30 g charge for fire assay’). In
other cases more explanation may be required, such as
where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types
(eg submarine nodules) may warrant disclosure of detailed
information.
Aircore (AC) drilling was undertaken to generate representative
metre samples from the surface to the bottom of hole.
The non-transported portion for each hole was spear sampled
to create a 1 metre representative sample.
All samples weighed between 2-3kg. Samples had generally
minimal dampness with isolated wet samples encountered.
Samples were sent to an independent commercial assay
laboratory.
All assay submitted for sample preparation comprised oven
drying, jaw crushing, pulverising and splitting to produce a
representative assay charge pulp. Samples to be analysed
using four Acid digest and read by ICP‐OES/ ICP‐MS,
reporting 48 elements including Ag, Al, As, Ba, Bi, Ca, Cd, Ce,
Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb,
Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W,
Y, Zn and Zr.
Soil samples were sieved from a sample derived from a 20cm
to 30cm hole. Sample weight ranged from 50-200g, Soil
preparation comprised oven drying, pulverising and splitting to
produce a representative assay charge pulp. Samples analysed
used a 25g charge and read by fire assay ICP-MS for Au, Pt and
Pd
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole hammer,
rotary air blast, auger, Bangka, sonic, etc) and details (eg
core diameter, triple or standard tube, depth of diamond
tails, face-sampling bit or other type, whether core is
oriented and if so, by what method, etc).
Aircore drilling was undertaken by Raglan Drilling using a
90mm drill bit.
Drill
sample
recovery
Method of recording and assessing core and chip sample
recoveries and results assessed.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse material.
Poor sample recoveries were visually estimated and recorded
on sample log sheets.
The sample cyclone is routinely cleaned at the end of each rod
run (3m) or when deemed necessary.
There is insufficient data to determine if there is a sample bias
between sample recoveries and assay grades.
Logging Whether core and chip samples have been geologically
and geotechnically logged to a level of detail to support
appropriate Mineral Resource estimation, mining studies
and metallurgical studies.
Whether logging is qualitative or quantitative in nature.
Core (or costean, channel, etc) photography.
The total length and percentage of the relevant
intersections logged.
Geological logging of air core drill spoils was done on a visual
basis for lithology, grainsize, mineralogy, colour and
weathering.
Logging was further aided with the collection of 1m chip trays.
All drill holes were logged in their entirety.
Petrological analysis and descriptions were undertaken by
independent petrological consultant Minerex Services Pty Ltd.
Sub-
sampling
If core, whether cut or sawn and whether quarter, half or All aircore drill samples were collected using a spear or scoop

Page 7 of 11

constellationresources.com.au

22 April 2021

Criteria JORC Code explanation Commentary
techniques
and sample
preparation
all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc
and whether sampled wet or dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation technique.
Quality control procedures adopted for all sub-sampling
stages to maximise representivity of samples.
Measures taken to ensure that the sampling is
representative of the in situ material collected, including
for instance results for field duplicate/second-half
sampling.
Whether sample sizes are appropriate to the grain size of
the material being sampled.
(2-3kg). Both damp and dry samples were collected.
QAQC reference samples and duplicates were routinely
submitted with each sample batch.
The size of the sample is considered appropriate for the
mineralisation style sought and for the analytical technique
used.
Soil samples were collected using a 75 micron sieve
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the assaying
and laboratory procedures used and whether the
technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining the
analysis including instrument make and model, reading
times, calibrations factors applied and their derivation, etc.
Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory checks)
and whether acceptable levels of accuracy (ie lack of bias)
and precision have been established.
Aircore samples will be analysed for a multi-element suite by
ICP-MS following a four-acid digest.
These assay methods are considered appropriate.
QAQC standards and duplicate samples were included
routinely (approximately 1 for every 40 samples). In addition,
internal laboratory batch standards and blanks were also
undertaken adding to reliance is placed on laboratory
procedures adding to the assurance of the reported results.
All samples submitted to NATA accredited provider -
Minanalytical Laboratory Services Australia Pty Ltd, located in
Perth using methods; MA4020; 48 Elements ICP-OES / ICP-MS
Package (multi-elements) and FA25MS3, 25g fire assay ICP-MS
package.
Verification
of
sampling
and
assaying
The verification of significant intersections by either
independent or alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures,
data verification, data storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.
Field data is collected on site using a standard set of logging.
Data is then upload into the access database.
Assays are as reported from the laboratory and stored in the
Company database and have not been adjusted in any way.
Significant intersections were verified by senior exploration
personnel.
Location of
data points
Accuracy and quality of surveys used to locate drill holes
(collar and down-hole surveys), trenches, mine workings
and other locations used in Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
The drillhole collar and soils were surveyed with a handheld
GPS unit with an accuracy of ±5m which is considered
sufficiently accurate for the purpose of the reconnaissance drill
hole program.
All co-ordinates are expressed in GDA94 datum, Zone 51.
Regional topographic control has an accuracy of ±2m based
on detailed DTM data collected in 2019 aerial surveys.
Data
spacing
and
distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.
Whether sample compositing has been applied.
Aircore drilling spacing was at a nominal 500m x 400m with
latest infill holes to 100m spacings on selected traverses.
Drillholes were sampled in the residual portion of the hole with
the occasional need to sample into the transported cover if the
regolith profile was not well developed.

Page 8 of 11

constellationresources.com.au

22 April 2021

Criteria
JORC Code explanation
Criteria
JORC Code explanation
Commentary
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which
this is known, considering the deposit type.
If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to
have introduced a sampling bias, this should be assessed
and reported if material.
The relationship between drill orientation and mineralisation is
unknown.
Sample
security
The measures taken to ensure sample security. Each sample was put into a prenumbered draw string calico
bag, tied off and then several placed in a polyweave bag which
was zip tied closed.
The polyweave bags were delivered directly to the assay
laboratory in Kalgoorlie by company personnel.
Audits or
reviews
The results of any audits or reviews of sampling techniques
and data.
The Company carries out internal audits/reviews of procedures,
however no external reviews have been undertaken.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and
ownership including agreements or material issues
with third parties such as joint ventures, partnerships,
overriding royalties, native title interests, historical
sites, wilderness or national park and environmental
settings.
The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
The exploration results in this report relate to Exploration
Licenses E28/2403 (expiry 1/10/2025) and E63/1282 (expiry
17/02/2022).
E28/2403 and E28/1282 form part of a joint venture between
Constellation Resources Limited (70%) and Enterprise Metals
Limited (30%, ASX: ENT).
Under the terms of the JV agreement, Constellation Resources
is required to sole fund all activities on these tenements until
completion of a Bankable Feasibility Study.
There are no Native Title Claims north of the Transline for
tenements E28/2403. South of the Transline, tenements
E28/2403 and E63/1282 are covered by the Ngadju Native Title
Claim.
Tenement E28/2403 is on vacant ground north of the Transline.
South of the Transline, a portion of tenement E28/2403 and all
of tenement E28/2738 are within the Boonderoo Pastoral
Station. E63/1282 is on Fraser Range Station
The tenements are in good standing and there are no known
impediments.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other
parties.
Limited regional exploration on E28/2403, E28/2738 was
undertaken by previous companies and included, geophysical,
geochemical surveys and limited drilling.
Historical geophysical surveys on these tenements included an
airborne magnetic and isolated ground electromagnetic
traverses. Geochemical surveys included soil and auger
sampling.
On E63/1282, the historic Soils and HeliTEM data were
managed by ENT and results were disclosed in ENT ASX
Release on the 24 July2013. The HeliTEM data was acquired by

Page 9 of 11

constellationresources.com.au

22 April 2021

Criteria JORC Code explanation Commentary
Fugro and open file data sourced from Magix, REGID 4112
Historic VTEMMAX was acquired by Geotech in 2013, The
VTEMMAX open file data sourced from Magix, REGID 4090
Geology Deposit type, geological setting and style of
mineralisation.
The targeted deposit types and styles of mineralisation are
nickel- copper-cobalt (Ni-Cu-Co) magmatic sulphide systems
such as the Nova-Bollinger deposit and Tropicana style gold
mineralisation.
Drill hole
Information
A summary of all information material to the
understanding of the exploration results including a
tabulation of the following information for all Material
drill holes:
o
easting and northing of the drill hole collar
o
elevation or RL (Reduced Level – elevation above
sea level in metres) of the drill hole collar
o
dip and azimuth of the hole
o
down hole length and interception depth
o
hole length.
If the exclusion of this information is justified on the
basis that the information is not Material and this
exclusion does not detract from the understanding of
the report, the Competent Person should clearly explain
why this is the case.
Refer to table of drillhole collars in Appendix 1.
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques, maximum and/or minimum grade
truncations (eg cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
The weighted averages of individual drill holes are calculated.
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in the
reporting of Exploration Results.
If the geometry of the mineralisation with respect to the
drill hole angle is known, its nature should be reported.
If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg ‘down hole length, true width not known’).
Drillhole intercepts/intervals are measured downhole in metres.
Diagrams Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for any
significant discovery being reported These should
include, but not be limited to a plan view of drill hole
collar locations and appropriate sectional views.
Project and drillhole location maps have been included in the
body of the report.
Balanced
reporting
Where comprehensive reporting of all Exploration
Results is not practicable, representative reporting of
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
All available relevant information is presented.

Page 10 of 11

constellationresources.com.au

22 April 2021

Criteria JORC Code explanation Commentary
Results.
Other
substantive
exploration
data
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
For Transline tenements, detailed 50m line spaced
aeromagnetic data and semi regional gravity geophysical
datasets has been used for interpretation of 10 initial intrusion
targets in the underlying geology. Technical details on these
geophysical datasets and targets are disclosed in the
Company’s ASX release on the 20/01/2020.
For all Transline AC results by CR1, please refer to ASX
Announcements dated 14/7/2020, 29/10/2020 and 19/1/2021.
Further work The nature and scale of planned further work (eg tests
for lateral extensions or depth extensions or large-scale
step-out drilling).
Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided this
information is not commercially sensitive.
Further follow up drilling will be undertaken at Eyre Anomaly
to drill down to 100m centre.
Process results of high-powered moving loop electromagnetic
survey over McPherson Target
Further reconnaissance aircore drilling over Targets 6-10 which
are located south of the Transline as part of the EIS grant.

Page 11 of 11

constellationresources.com.au