EL 23917 Bynoe 3 Relinquishment Report for the period 20 July 2004 to 19 July 2007

Abstract

Exploration Licence 23917 'Bynoe 3' 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 9th April 2004. Continental sold the tenement to Uranex NL on the 1st December 2005 with the transfer occurring on 15th February 2006. Uranex NL reduced EL23917 from 12 sub-blocks (30.22 km2) to 6 sub-blocks (19.57 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 23917 by Uranex NL comprised geological and geophysical reconnaissance and data / literature reviews in order to assess the uranium potential of the licence.