Relinquishment report on EL 25747 28 August 2010

Abstract

EL 25747 (9 blocks) was granted to Manasia Mining and Metals Pty Ltd on the 28 September 2007, for a period of 5 years. The licence was originally 12 blocks but this was reduced to 9 blocks in 2009. The licence is due to be reduced to 5 blocks on the 28 August 2010. No work was conducted on the licence up until June 2010 when Ron Gregory Prospecting was engaged to supervise all works programs for Manasia Mining and Metals Ltd in both Tasmania and Northern Territory. All that was possible to be undertaken was a desktop review of previous exploration and NT geology. The tenement provides a limited opportunity for stratabound lead/zinc mineralization and a speculative play for possible structurally controlled gold mineralization. No field work was conducted within the area relinquished.