Elliott Project EL 27187 Partial surrender report for the period 23 October 2009 to 22 October 2011

Abstract

Exploration Licence 27187 is part of the Elliott Project (ELs 27186, 27187, 27189, 27190, 27544). To meet end of Year 2 50% reduction requirement, a total of 202 blocks was relinquished from EL 27187, leaving the current retained area of 202 blocks. This Partial Surrender Report is for the period 23 October 2009 to 22 October 2011. The Elliott Project, located approximately 6km west of the historic town of Newcastle Waters and 13km west of Elliott, is a sub-project of Vale's Georgina Phosphate Exploration Project and covers Cambrian sedimentary rocks of the Wiso Basin. On the southern margin of the basin, the Cambrian rocks overly strata of the Arunta Block, whilst to the west they unconformably overly basement composed of Early Proterozoic rocks. The project area is flat lying with outcrop interpreted to be Middle Cambrian. Phosphate exploration work on EL 27187 comprised open file literature review; acquisition and reprocessing of geophysical data; acquisition of NRETAS environmental data; regional water bore analysis; flora and fauna desktop study report; inhouse depth to basement gravity modelling; regional geophysical basin modelling study by Mira Geoscience; rock chip sampling; and gravity survey. The surrendered area was relinquished due to a lack of priority phosphate targets.