As at 31 December 2020, Tanami Gold NL ('Tanami' or the 'Company') had available cash of $28.78 million.
Northern Star Resources Limited Shares
As at 31 December 2020, the Company has 500,000 NST shares remaining.
Joint Venture with NST
The respective interests in the Central Tanami Project ('CTP') of Tanami and Northern Star Resources ('Northern Star') at the date of this report remain at 60% and 40%. Northern Star advised the ADF, AFP and NT Police ('Monitoring Authorities') demobilised from the CTP mine site in late December 2020 following the cessation of the COVID-19 WA-NT border checkpoint on the Tanami Road. The CTP camp is now only manned by essential care and maintenance personnel during the current wet season post the departure of the Monitoring Authorities.
EXPLORATION
Central Tanami Project (60% Tanami)
Northern Star advised that Sacred Site Clearance approvals were received from the Central Land Council ('CLC') during the quarter for the Cave Hill and Regional Exploration Programs. Discussions remain ongoing for the Central Clearance approval. Northern Star advised the following exploration activities were undertaken during the quarter:
Drill Hole Re-sampling
A significant drill hole resampling campaign was undertaken to provide a spread of multi-element data over the Tanami Project with a total of 320 drill chips, diamond core and surface geochemical samples despatched during the quarter.
With lengthy turnaround delays at ALS Laboratory Perth, some assay results remained outstanding at the end of the quarter. Review and interpretation of assays has commenced but is being impacted by lengthy turnaround delays from the ALS Laboratory in Perth. At the end of the period some assay results remaining outstanding delaying review and interpretation completion until compilation of the full dataset is finalised.
Stratigraphy/Geochemistry Project Completed
On 30 November 2020, Norther Star completed project work focssing on the geochemical and mineralogical classification of the Tanami Group sedimentary and volcanic rocks, their alteration and interpretation of their depositional environment.Sample sites chosen for the project included some areas outside of the current CTP JV together with CTP JV sites including the Tanami Mine Corridor (Hurricane-Repluse, Jims), and Groundrush Domain (Groundrush, Ripcord, regional AC). The project was validated by baseline data generated from infield core-logging and re-assay.
Given the scale and scope of the project, further analysis of the results and interpretation is required to also assist in determining how best to integrate these key findings into future exploration targeting. This work will continue in 2021.
Gold Paragenesis and Geometallurgy Project (CSIRO)
Northern Star advised analysis of samples from Hurricane-Repulse, Jims, Groundrush and Beaver completed first pass MAIA mapping and further review of the draft Cave Hill aircore drill program over EL10411 was completed . Field inspection and disturbance permits were completed in readiness for pending CLC Heritage clearance. Analysis of all samples will continue into 2021 with further test work such as Tornado XRF mapping, multi-element assay and petrological thin sections being undertaken.
Heritage
Sacred SiteClearanceapprovals received from the CLC during the quarter for the Cave Hill and Regional Exploration Programs.
Discussions remain ongoing for the Central Clearance approval. e) Tenement Management Ripcord ML22934 - 2020 Annual Technical and Expenditure Reports Submitted 5 November 2020; Carbine MLS167 and 168 - Application for 2 year renewals lodged 15 December 2020; Approval of the Regional Exploration MMP Variation was received 2 December 2020.
Work planned for next quarter: Resource definition drill program designs (Jims/Groundrush); Ongoing CSIRO Tanami Geometallurgy and Gold Paragenesis Project; Review and interpret ME resampling assays and Review completed Tanami Stratigraphy and Geochemistry Project - identify value-add to current workflows.
ESTIMATION GOVERNANCE STATEMENT
The Company ensures that all Mineral Resource calculations are subject to appropriate levels of governance and internal controls. Exploration results are collected and managed by an independent competent qualified geologist. All data collection activities are conducted to industry standards based on a framework of quality assurance and quality control protocols covering all aspects of sample collection, topographical and geophysical surveys, drilling, sample preparation, physical and chemical analysis and data and sample management. Mineral Resource estimates are prepared by qualified independent Competent Persons. If there is a material change in the estimate of a Mineral Resource, the estimate and supporting documentation in question is reviewed by a suitable qualified independent Competent Persons. The Company reports its Mineral Resources on an annual basis in accordance with JORC Code 2004 and 2012.
Contact:
Tel: +61 8 6373 5130
TANAMI GOLD NL 
