King River Project EL 734, Relinquishment report 2004

Abstract

This report describes all exploration work undertaken within that portion of Exploration Licence 734, which was relinquished on the 12 May 2004. Thirty eight blocks were surrendered. 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 Nadjinem 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. Stockdale Prospecting Pty Ltd (now De Beers) conducted exploration for diamonds on selected geophysival targets.