Relinquishment report for EL 23862, EL 24328, EL 24329, for the period ending 31 March 2010

Abstract

This combined relinquishment report covers EL 23862, EL 24328 and EL 24329. The ELs are located on Melville and Bathurst Islands which form the Tiwi Islands in the Northern Territory. In the reporting year the primary focus of exploration was to review the extensive tenement holdings on the Tiwi Islands and to keep those tenements with resource potential and relinquish those where is was felt the prospectivity was low. Significant reduction in the number of subblocks of all tenements was completed during the reporting period following a review of all areas. Exploration on the licence areas subject of this report was restricted to review of the geological setting and the previous work of Matilda Minerals. It was felt that generally the prospective targets had been adequately tested and limited scope remained within the subblocks dropped. A large number of the subblocks relinquished covered swampy areas or cliff scarps where work had downgraded the prospectivity. All digital work relating to the previous exploration by Matilda Minerals has been submitted to the department by Matilda Minerals.