Year 1 final surrender report for EL 25939 Katherine

Abstract

This Technical Report documents the 2007/2008 exploration program conducted at the Katherine prospect (EL 25939) by Bralich Holdings Pty Ltd. Bralich is the tenement owner and operator. During the year, Bralich formed an agreement with Central Phosphate Limited, an unlisted company that was acquiring assets with phosphate potential. However due to the downturn in markets during the September - October 2008 period, the proposed sale of EL 25939 into Central Phosphate was cancelled. The tenement was subsequently reviewed in light of the current markets and a decision was made by Bralich to relinquish the lease.