Surrender report for EL 25546, for the period 19 July 2007 to 15 December 2008

Abstract

This report describes exploration activities carried out on EL 25546 in the Victoria Basin between the 19th of July, 2007, and the 15th of December, 2008. During the life of the tenement, a detailed published literature study was carried out to assist with planning future geological investigations. No on ground geological exploration was conducted. Following the completion of the literature review, it has been concluded that while the Victoria Basin is prospective for diamonds and base metal mineralisation, the tenement itself does not share the same prospectivity. The likelihood of this tenement to host diamond bearing rocks is considered to be low, and the priority of future exploration programmes conducted by Kettle Rose has been downgraded. Due to the low prospectivity of this tenement, the decision was made to relinquish the tenement.