EL 24020 Bynoe 5 Relinquishment Report for the period 20 July 2004 to 19 July 2007

Abstract

Exploration Licence 24020 'Bynoe 5' is located approximately 60km south of Darwin in the Northern Territory. The licence was initially granted to Anglo American Exploration (Australia) Pty Ltd and then transferred to Continental Nickel NL (Continental; a fully owned subsidiary of Goldstream Mining NL) on 7th September 2004 and then transferred to Uranex NL on 15th February 2006. Uranex NL reduced EL24020 from 14 sub-blocks (37.51 km2) to 8 sub-blocks (24.6 km2) on 19th July 2007 as per the licence conditions. This partial relinquishment report details exploration activities conducted on the July 2007 surrendered sub-blocks during their tenure. Exploration carried out on the relinquished portions of EL 24020 by Uranex NL comprised geological and geophysical reconnaissance and data / literature

reviews in order to assess the uranium potential of the licence.