Partial relinquishment report on Dunmarra project EL 25838 for the period 21 September 2007 to 20 September 2010

Abstract

The Dunmarra Project is located approximately 240 kilometres south east of Katherine in the Northern Territory. The project largely overlies Mullaman Beds, a sequence of Lower Cretaceous claystone, sandstone and conglomerates, in the Dunmarra Basin, with the Nutwood Downs Volcanics, a Lower Cambrian sequence of tholeiitic basalts, tuffs and agglomerates, outcropping to the north east of the tenement area. Tertiary deposits of laterite generally overlie the Mullaman Beds. Exploration activities on the relinquished portion of EL 25838 consisted of a review of existing exploration data, high level targeting utilising reinterpreted regional geophysical data, compilation of public domain geological, geophysical and other digital data, limited geological reconnaissance and desktop review of exploration activities completed. The work completed identified up to five lower order radiometric anomalies within the relinquished portion of EL 25838, however the limited geological reconnaissance downgraded the prospectivity of these anomalies. Exploration completed on the relinquished portion of EL 25838 downgraded the prospectivity of the regional radiometric anomalies therefore no further exploration activity is recommended.