Final report on exploration activities for EL 10427 Spellesie Creek 23 July 2002 to 31 July 2006

Abstract

During 2003 Falcon data was acquired over the majority of EL 10427. Results from exploration activities conducted during 2004 in EL 10427 were disappointing, resulting in a review of the project tenements being conducted during Year 4 of EL 10427. The review recommended the surrender of the majority of the Lancewood project tenements. EL 10427 was handed back to Ashton Mining by DMA in June 2006 and Ashton Mining surrendered the licence on 31 July 2006.