Partial relinquishment report for the period ended 13th December 2004

Abstract

Exploration work on the Huckitta Project area is aimed at discovering Iron Oxide Copper Gold (IOCG) or Broken Hill Type (BHT) lead/zinc mineralisation associated with Proterozoic stratigraphy in areas with thin Cainozoic cover. This Partial Relinquishment Report describes all work carried out by Joint Venture partners BHP Billiton Minerals Pty Ltd (BHPB) and Sumitomo Metal Mining Oceania Pty Ltd (Sumitomo) on Exploration Licence 22515 (Cheetah), Huckitta Project, Northern Territory from date of grant on 14 December 2001 until date of partial relinquishment on 13 December 2004. No exploration work was carried out on the relinquished areas of EL 22515 by the Joint Venture partners, as results from an internal review assessed the ground as fully explored with low prospectivity.