Final relinquishment report for EL 25239 Woolner 6 February 2007 to 8 July 2011

Abstract

Territory Uranium Company Limited is primarily focussing on the potential for mineralisation associated with the Archaen Woolner Dome to the north east. Work during Year 1 and 2 of tenure consisted of a review of both NTGS data, and compilation of significant results from Industry reports. They all explored for uranium, base metals, gold, commercial clays and manganese. Work during Year 3 of tenure consisted of a review of the Airborne Electromagnetic Survey data released by Geosience Australia producing 2 target areas. At the end of Year 3 the tenement was reduced from 90 block to 29 blocks with no further work competed. In year 4 a further 60 percent was relinquished leaving 12 blocks with no work completed. The tenement was surrendered on the 8 July 2011 mid way through year 5.