Partial relinquishment report for EL 9529 'Turners', from 14 May 2002 to 13 May 2005

Abstract

EL 9529 'Turners' is situated approximately 55 kilometres northeast of Alice Springs and forms part of the Winnecke Project. This report describes exploration carried out on the second relinquished portion of EL 9529. The tenement was granted in May 2002 to Normandy NFM Limited and, pursuant to the terms of an agreement, was transferred to Tanami Exploration NL (TENL) in June 2002. During its first year of tenure, EL 9529 was the subject of a joint venture agreement between TENL and Teck Cominco Australia Pty Ltd (Teck) and BHP-Billiton Pty Ltd (BHPB). Geodiscovery Pty Ltd managed the exploration for Teck-BHPB on the North Wigley Project, which incorporated EL 9529. Teck-BHPB carried out rockchip sampling (14 samples) and a ground magnetic survey (3.3 line kms) on the surrendered portion of EL 9529. The tenement was subsequently transferred back to TENL in March 2003, and further rockchip sampling (8 samples) was completed on the surrendered portion of EL 9529 reported here. The tenement was also included in regional prospectivity studies, particularly the assessment of geophysical data. The relinquished tenement area was considered unprospective based on the interpreted geology of high grade metamorphic granitic gneisses of the Arltunga Gneiss complex and the disappointing rock chip sampling assay results.