Relinquishment report on blocks dropped at the conclusion of year 4 of tenure for EL 22307 period ended 5 August 2006

Abstract

EL 22307 is considered prospective for commercial sources of diamonds. Historic sampling has identified kimberlitic indicator mineral occurrences, including diamonds within the tenement. A Falcon airborne gravity gradiometer survey was planned and flown in September 2003. The survey covered 217 km2 within EL 22307 and comprised a total of approximately 2500 line kilometres of effective survey coverage. Interpretation and exploration targeting from the Falcon data was completed, with target areas defined for follow-up work. Statutory requirements for field access and approvals for work programs were finalised to allow testing of these targets to commence during Year 3 of tenure. Anomalies selected from the Falcon data by DMA for follow-up within the relinquished portion of EL 22307 were field inspected and sampled where appropriate. During the past year of tenure (Year 4), no exploration was completed within the relinquished portions of EL 22307.