First and Final report for EL 10373 'Drummond Range' for the period 7 March 2003 to 24 February 2004

Abstract

EL 10373 'Drummond Range' covers an area of 1371 km2 in the Carrara Range Northern Territory and forms part of a regional exploration project that Anglo American Exploration (Australia) Pty Ltd is undertaking in the northwestern extension of the Lawn Hill Platform. The exploration target is sediment hosted massive sulphide Pb ? Zn deposits. Exploration, during the first and final year of the tenement, was comprised of a review of previous exploration conducted, initial field reconnaissance including a helicopter survey and two TEM surveys. A total of 40.2 km of TEM was collected within EL 10373. Further data evaluation and target review has downgraded the prospectivity of this lease, hence due to changing exploration priorities and the need to focus on other core projects in the Isa-McArthur region it has been decided to surrender this lease.