Final Relinquishment Report for EL 9760 for the period 24 July 2000 to 24 December 2007

Abstract

This is the final relinquishment report for EL 9760. As such, it details all exploration activity conducted over the licence for the period 24th July 2000 to 24th December 2007. The tenement was originally part of the Central Desert Joint Venture (Legend Agreement) between AngloGold Ashanti Ltd and Otter Gold NL and became part of the Tanami Exploration Agreement (TEA). It is located approximately 45 km southwest of the Tanami Mine. Prior to 2001 9 surface samples were collected from EL 9760 as part of a regional surface sampling program. Results were generally low with a spot anomaly of 0.4ppb Au. This occurred prior to the takeover of Otter and therefore the digital data is unavailable. Details of the sampling can be found in previous reports submitted by Otter. Since then work has been restricted to data reviews and a prospectivity analysis until an aircore drilling program in 2006 (9 holes, 372 metres, 103 samples). In 2006 a gravity survey was completed in the MacFarlanes area by Fugro Ground. There were 2380 stations at 1km spacing, 9 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.