Final Relinquishment Report for EL 9759 for the period 6 July 1998 to 24 December 2007

Abstract

This is the final relinquishment report for EL 9759. As such, it details all exploration activity conducted over the licence for the period 6th July 1998 to 24th December 2007. The tenement was originally part of the Central Desert Joint Venture (Pendragon Deed) between AngloGold Ashanti Ltd and Otter Gold NL and later became part of the Tanami Exploration Agreement (TEA). It is located approximately 650 km northwest of Alice Springs along the Tanami Track, 25 km west southwest of the Tanami Mine. Between 6th July 2003 and 5th July 2004 a RAB drilling was conducted at Woma Snake on EL 9759 (37 holes, 1603m, 555 samples). In 2006 a gravity survey was completed in the MacFarlanes area by Fugro Ground. There were 2380 stations at 1km spacing, 49 of which were located on this tenement. The survey was carried out to get a better understanding of the large structures in the area, especially the intrusions.