Mineral exploration partial surrender report on EL 25591 Borroloola Project, 2 January 2010

Abstract

This partial surrender report details mineral exploration conducted by Sandfire Resources NL on three sub-blocks surrendered from Borroloola Project exploration licence EL 25591 on 22 January 2010. Sandfire considered the area surrendered to have been prospective for base metals: copper, lead and zinc, and for diamonds. Activities undertaken on EL 25591 during the period between grant of the tenement on 13 July 2007 and the date of partial surrender of three sub-blocks on 22 January 2010 were: -Air photo acquisition and processing to orthophotos -Acquisition and Re-processing of Historical Airborne Magnetic - Radiometric Surveys -Acquisition and Contouring of Historical Surface Geochemistry Surveys