The Strzelecki Project comprises eleven semi-contiguous Exploration Licences of 8,827 km2, located over the Frome Area – Curnamona Province on the eastern border of South Australia. This combined Annual Group Report is for work completed in the year ending 31st March 2024 over ELs 6750, 6755, 6756, 6757, 6758, 6759, 6760, 6765, 6766, 6771 and 6772. Tri-Star is primarily targeting Uranium resources in paleochannels within the Callabonna subbasin of Lake Eyre Basin, and the Frome Embayment of the Eromanga Basin.

Work over the reporting period consisted of a regional Falcon Airborne Gravity Gradiometry (AGG) survey of 20,729 line kilometres, 4,032 line kilometres of this was flown over the Strzelecki Project. This portion of the semi-regional survey was flown in a series of nine production flights from September 25th to October 15th (2023) using Leigh Creek Aerodrome as a base and was flown by Xcalibur Multiphysics Pty Ltd. After the data was received, it was processed and underwent inversion modeling done by GeoDiscovery Ltd and integrated with existing geophysical datasets, and a comprehensive review of targets and company strategy followed. Land Access and Native Title activities were also initiated during the reporting period.

The AGG survey and integrated structural interpretation of the Strzelecki area identified a number of low order uranium targets, and provided high quality inputs to a weighed prospectivity model.