Partial relinquishment report on McArthur River project EL 25839, for period 21 September 2007 to 20 September 2011

Abstract

Exploration activities on the relinquished portion of EL 25839 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, flying of an airborne electromagnetic (VTEM) survey in conjunction with Geoscience Australia and first pass reconnaissance / prospecting (XRF/scintillometer survey) across targets generated from the VTEM survey. Exploration completed on the relinquished portion of EL 25839 downgraded the prospectivity of the regional radiometric anomalies and the two broad conductive zone uranium target, therefore no further exploration activity is recommended.