Partial Surrender Report SEL 24769 Marqua Project 9 August 2006 to 8 August 2009

Abstract

Tenement SEL 24769 is located approximately 360 km (500 km by road) east of Alice Springs, in the Northern Territory, with good road access via the Plenty Highway and a network of established minor roads and station tracks. The tenement was originally held by Elkedra Diamonds NL (Elkedra), and was transferred to Uramet Minerals Limited (Uramet) during the 2007 season and covers an area of 971 km2. Uramet is exploring the area for base metals and phosphate. This report details exploration work carried out by Uramet and Elkedra within the surrendered portion of SEL24769 since the grant of the tenement in August 2006. Work undertaken consisted of a helicopter-borne electromagnetic (VTEM) survey regional reconnaissance work and mapping, and surface geochemistry. Relatively little work has been undertaken with the surrendered portion of the tenement, the bulk of the work being focused in the central (retained) portion of the tenement. Assessment of the geology, together with field reconnaissance and surface sampling however indicates that little potential exists for significant base metal mineralisation to occur within the surrendered portion of the tenement.