Arnhem Land West Gunbatgarri Project EL 2857 Report on Partial Relinquishment 19 March 2002 to 18 March 2006

Abstract

This report summarises exploration activity on EL 2857 from the grant of the tenement, 19 March 2002, to its surrender on 18 March 2006. EL 2857, in combination with EL 4012, formed the Gunbatgarri Project. The two tenements were formerly part of the Arnhem Land West Joint Venture, a joint venture between Cameco Australia Pty Ltd (Cameco), PNC Exploration Australia Pty Ltd (PNC) and the Ngalangak Aboriginal Corporation. In 2002, Cameco attained management then ownership of the project when PNC withdrew from exploration activities in Australia. Cameco's exploration focus within EL 2857 was for an unconformity-style uranium deposit; the tenement was surrendered because of discouraging results, coupled with the difficulty of exploring in areas of several hundred metre-thick sandstone cover. Exploration activities included: airborne radiometric, magnetic, digital terrain surveys, airborne hyperspectral surveys, sampling of surface outcrop (total of 15 samples), for geochemical analysis and PIMA reflectance spectroscopy.