Partial relinquishment report on EL 8809 'North Breaden', from 17 October 2002 to 16 October 2007

Abstract

Exploration Licence 8809 is situated approximately 250km east-southeast of Halls Creek, in the north-western portion of the Tanami Desert. The tenement is granted to Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company. From December 2000 to December 2005 it formed part of the Tanami (NT) JV, a Joint Venture agreement between Tanami Gold NL (TGNL) and Barrick Gold of Australia Limited (Barrick). A compulsory partial surrender was completed in October 2007. Exploration on the relinquished tenement portion was completed by Barrick and TENL. It included geochemical sampling, vacuum drilling and a geological re-interpretation. Both geochemical surface sampling and vacuum drilling did not return any significant results.