King River Project EL 5890, Relinquishment report 2004

Abstract

This report describes exploration work undertaken within that portion of Exploration Licence 5890, which was relinquished on the 12 May 2004. Fifty eight blocks were surrendered. The licence area is located in northwestern Arnhem Land and was initially granted on the 13 May 1996 for a period of six years. A two year renewal was granted in March 2002 for the period ending on May 12 2004. The exploration program was initially managed by PNC Exploration Australia Pty Ltd (1996 to 1999 inclusive) and then by Cameco Australia Pty Ltd on behalf of the Warrga Joint Venture partners, Cameco Australia Pty Ltd, PNC Exploration Australia Pty Ltd and the Nadjinem Aboriginal Corporation. PNC withdrew from the JV in 2001. The primary exploration target is for unconformity related uranium deposits similar to the nearby Ranger, Jabiluka and Koongarra deposits and the now depleted Nabarlek mine. Exploration activities over the eight year period comprised various airborne surveys, geological mapping, stream sediment and soil sampling and RAB drilling.