Partial relinquishment report on exploration activities over EL 26196

Abstract

No on-ground work has been carried out on the relinquished portion of EL 26196. During July 2011 consulting geologists Kastellco Geological Consultancy conducted a review of existing historical exploration data within the Northern Territory Geological Survey Database. This was conducted for all the Project area to identify any high potential uranium and diamond exploration targets and resulted in the identification some targets that warrant further work. Based on the review a total of 50% of the tenement was to be relinquished based upon more favorable radiometric targets within Exploration Licence area.