Partial relinquishment report for EL 25204

Abstract

Territory Resources Limited applied for tenement EL 25204 on 20 February 2006. Following native title, landholder notification, and advertising, the tenement was granted on 11 October 2006 for a term of 6 years, expiring on the 10 October 2012. On 10 October 2008, the second anniversary of the tenement, it was required that the tenement be reduced from 8 to 4 graticular blocks, with an area reduction from 14.3 km2 to 11.44 km2. This report covers the relinquishment of these blocks. The relinquished blocks were underlain by rocks of the Whites Formation and Coomalie Dolomites of the Mt Partridge Group, rock types with low prospectivity for Iron Ore. The anticipated setting for iron ore deposits in the Batchelor area is that of the Wildman Formation of the Mt Partridge Group. As such, areas thought not to be underlain by rocks of the Wildman Formation were deemed to be of low prospectivity and so were dropped as part of compulsory relinquishment. A second area reduction was made on the 11 October 2009. A further 2 graticular blocks were relinquished, reducing the tenement from 11.44 km2 to 6.623 km2. Tenement blocks towards the eastern margin of the tenement were retained since the margin is underlain by rocks of the Wildman Formation which serves as the host rocks for the Frances Creek Iron Ore deposit near Pine Creek and deemed as prospective for hydrothermal style iron ore deposits. Activities undertaken by Territory Resources Limited included a reconnaissance field trip was made to the area prior to relinquishing the blocks. Rum Jungle Uranium conducted a TEMPEST electromagnetic aerial survey over the tenement, using Fugro Airborne Surveys Pty Ltd as the service provider. The relinquished area covered by TEMPEST was too small to warrant separate data submission.