Partial relinquishment report on sub-block relinquished effective 28 August 2011 EL 25710 Murphy Project

Abstract

Work carried out on the relinquished sub-blocks comprised a detailed airborne magnetic and radiometric surveys in 2007 and 2009 covering portions in the east and west relinquishment areas, a detailed geological interpretation with target selection, alpha track-etch sampling over targets UC Six (97 samples within relinquished area), UC 19 extended (10 samples within relinquished area) and UC 23 May (2 samples within relinquished area) were sampled using this technique as part of the regional exploration program covering high priority targets in the Murphy Project area. In the 2008/2009 field season a regional phosphate exploration program was conducted and 3 RAB holes was drilled on the relinquished area. The 2009-2010 field season commenced the second phase of drilling with RC/Diamond hole drilled in the relinquished area. In 2010 an airborne EM survey was flown over three targets, the Murphy West EM survey and UC 17 survey were flown over parts of the area relinquished effective 28 August 2011.