Final and relinquishment report over EL 25995

Abstract

During the month September 2008, consulting geologists Kastellco Geological Consultancy conducted a review of existing historical exploration data within the Northern Territory Geological Survey Database. This was conducted over EL 25995 to identify any high potential exploration targets which resulted in no identification of any high priority targets which would warrant further work. Through detail interpretation of airborne magnetic and radiometric data from the Northern Territory Geological Survey, no magnetic or radiometric targets were generated. Based on the lack of prospectivity and the large amount of exploration expenditure requirements to delineate any economic deposits within EL 25995, Territory Minerals is surrendering the ground.