Partial relinquishment report for EL 26928 Tobermory, for the period ending 29 July 2011

Abstract

This partial relinquishment report details exploration and project activities completed on the relinquished sub-blocks of EL 26928. The Tobermory Project is located on the southern edge of the Georgina Basin, a large Late Proterozoic to Palaeozoic sedimentary intracratonic basin, covering a large part of eastern Northern Territory and extending into northwest Queensland. The tenure was acquired for its potential to host rock phosphate and uranium and base metal mineralisation. Consultant reports determined that the western portion of the tenure has the least prospectivity with respect to phosphate and uranium. This area was therefore relinquished.