Partial Relinquishment Report for SEL 24032 Crawford 14 July 2004 to 13 July 2008

Abstract

This report is the partial surrender report for SEL 24032 (Crawford) and as such describes all exploration activity within the relinquished area from the 14 July 2004 to the 13 July 2008. The tenement is part of an area covered by the Barrow Creek Joint Venture (BCJV) between Newmont Tanami Pty Ltd (Newmont), who are managers of the joint venture and Yuendumu Mining Company NL (YMC). The BCJV tenement is located approximately 300km north of Alice Springs and is being explored for economic gold mineralisation. Initial fieldwork after the signing of an Indigenous Land Use Agreement (ILUA) with Traditional Owners and the Central Land Council comprised a reconnaissance program to check out future access for drilling rigs along with minor soil and lag sampling. More recently the tenement was included in Newmont's Tanami Regional Framework Study, which highlighted the prospectivity of the area. A ground gravity survey was carried out over the combined Barrow Creek and Lander River tenements in Nov 2006. Reconnaissance RAB holes were drilled along access tracks in the west of the lease during May 2007 with one hole located within the relinquished ground.