Partial relinquishment report for EL 9806 'Delmore Downs', 18 November 2002 to 17 November 2006

Abstract

Tanami Exploration NL (TENL) identified the potential for Tanami-style gold, iron oxide copper-gold (IOCG) and Tennant Creek-style copper-gold mineralisation in the Alcoota district of the northern Arunta region in 1997 and acquired a significant tenement package to form the Alcoota Project. TENL is a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company. The Alcoota Project lies approximately 160 kilometres northeast of Alice Springs in the Arunta region of the North Australian Craton. Access is provided via the Stuart, Plenty and Sandover Highways. EL 9806 forms part of the Alcoota Project and was granted on 18 November 2002. Partial surrenders were completed after the third and fourth year of tenure. This report describes the exploration during the four years on the surrendered portions of EL 9806. Exploration consisted of a regional assessment of the Alcoota project area, including a field reconnaissance trip in November-December, 2003. The assessment included evaluation of topography, geology, metallogeny, MODAT occurrences, previous exploration and aeromagnetics in conjunction with the field reconnaissance. A total of 6 rockchip samples were taken on the southern surrendered tenement portion. Only one sample returned an elevated gold value of 11ppb.