Strategic Energy Resources (SER) provided an update on exploration at East Tennant Iron Oxide Copper-Gold (IOCG) project in the Northern Territory. Following extensive and detailed ground gravity survey, SER engaged expert geophysical consultancy Arrow Geosciences to process all available geophysical data and, together with SER, interpret the results and generate targets. Arrow Geosciences is led by former Chief Geophysicist for Rio Tinto, Theo Aravanis. The company have identified nine compelling IOCG targets at East Tennant. Four within SER's EL32109, three within SER's EL32306 and two in open ground which SER has now pegged. None of the targets have ever been drill tested. Neighbouring Explorers in the East Tennant IOCG Province have recently started to uncover secondary copper mineralisation in cover sequences during early reconnaissance exploration 1 providing further evidence of the prospectivity of the region. SER's initial nine targets will be modelled to estimate their depth and understand the underlying geology related to their geophysical expression. Any further geophysical work required to advance the targets (for example, detailed ground magnetics and/or electrical geophysics) will be designed and initiated. Final targets will be ranked and prepared for drill testing. New tenement application ELA32617 covers 284km2 to the north of EL32109 and captures regionally significant and untested coincident magnetic and gravity anomalies. Existing gravity data covering ELA32617 is too sparse to model the predicted depth to target and infill gravity will be collected in early 2021. Gravity is a pivotal dataset to target IOCGs as they involve the introduction of iron-rich fluid into a host rock which increases the density. On 17 December 2020, the Mineral Exploration Cooperative Research Centre (MinEx CRC, SER is an Affiliate member) announced the completion of the 10 hole, 4000m National Drilling Initiative (NDI) regional stratigraphic drilling campaign in the East Tenant region. The aim of the drilling is to assess the mineral potential of basement rocks and the results (expected this quarter) are eagerly awaited by SER and many other explorers. At this stage, the company know the drilling program uncovered a range of igneous and metasedimentary rocks with prospective basement typically concealed beneath less than 200m of Georgina Basin sediments and less than 30m of Cambrian basalt. Drill core is now undergoing a range of detailed analyses for comprehensive characterisation. Once available, SER will use the drilling results to refine understanding of the relationship between geophysical expression and underlying geology in the region. This will also include depth to basement, depth to targets and vectors to mineralising systems.