Annual and Final Surrender Report, Navigator - EL 25655

Abstract

EL 25655 was applied for by Sammy Resources Limited, a wholly-owned subsidiary of Cazaly Resources, for the potential to host gold and copper mineralisation. The tenement is located approximately 40 km west of the township of Tennant Creek and 4km WSW of the White Devil Mine. Access is gained via the sealed Warrego Road. Open file data review found there was limited exploration within the tenement area with the exception of reasonably thorough BLEG geochemistry and Vacuum drilling program. Results were very low in gold. The mineralisation potential of the tenement appears to have been reasonably tested and as a result no field activity was conducted. The tenement ranks poorly against other tenements in the Company's portfolio and as a result the tenement has been recommended for relinquishment.