Partial relinquishment report for EL 25972 for the period ended November 2010

Abstract

EL 25972 is located on the Barkly Tablelands of the Northern Territory on the Ranken 1:250,000 map sheet. The area experiences a sub-tropical climate with the wet season occurring from November to March every year. During this time the area can be difficult to traverse by vehicle as access roads may be flooded. In the dry season the area is accessible by 4WD vehicle via pastoral tracks. Phosphate Australia Limited acquired the tenement by application on 14 March 2007 due to the presence of historical phosphate occurrences in the region and perceived favourable local geology. Toward the end of permit year two (6 September 2010) 52 blocks were surrendered, reducing the permit to 53 blocks (171 km2). EL 25972 is part of Phosphate Australia's East Georgina Phosphate Project and has group reporting status. To date, most of the company's efforts have been focussed on the Highland Plains Phosphate deposit located on the eastern border of EL 25068. Expenditure for EL 25972 in 2010 was $25,706. No on-ground exploration activities were carried out on any of the relinquished areas of EL 25972.