Fourth patrial relinquishment report for EL 26028, EL 26029 period 3 December 2010 to 2 December 2011 and EL 26030 period 19 December 2010 to 18 December 2011

Abstract

Since commencement of the Option and Joint Venture Agreement with Westgold Resources Ltd and its wholly owned subsidiary Castile Resources Pty Ltd in September 2010, MMG has conducted a systematic desktop review of past exploration and a comprehensive regional structural interpretation of the tenement areas. In 2010, Dr Steve King from Solid Geology Pty Ltd was commissioned to undertake the regional structural interpretation aimed at producing a solid geology map, interpreting the Proterozoic geology under cover where possible. Based on the systematic desktop review of past exploration and the comprehensive regional structural interpretation it was found that the blocks being relinquished did not fall within favourable geological environments for MMG's target lead-zinc deposits in carbonates of the McArthur Group.