Partial relinquishment report for EL 24645 and EL 24666

Abstract

Lagoon Creek Resources Pty Ltd is currently exploring for sandstone hosted, unconformity related uranium in a number of Northern Territory tenements in EL 24645 and EL 24666. This report contains the details of the sub-blocks that are to be released and retained and outlines the work carried out within those sub-blocks that are to be released. Work in the tenements since they were acquired has included a desk top review by Lagoon Creek Resources geologists, a two week field programme, a report by an independent geologist, a search by the Aboriginal Areas Protection Authority for culturally significant areas, re-working of open file geophysical data and flying an airborne geophysical survey to collect 6940.2 Total Line Kilometres of magnetic and radiometric data with a nominal height of 50 m and traverse line spacing of 200 m. [the area relinquished covers a dozen small areas]