Epenarra Project, Partial surrender report for the period 27 May 2010 to 26 May 2012

Abstract

Northern Minerals Limited is targeting Cambrian phosphorite deposits within the Georgina Basin. The Cambrian Gum Ridge Formation and the Middle Cambrian Wonarah Formation are interpreted to underlie EL 27635 and EL 27636. These rocks host significant regional phosphate resources and are considered to be a potential host for phosphate mineralization. During 2010-11 compilation of publicly available regional data sets such as aeromagnetics, radiometrics, gravity and geological mapping was completed. Interpretation and analysis of this data was completed in order to determine initial targets and areas for on-ground investigation. Several attempts were made to commence on-ground exploration activities during 2011. Regional bushfires which burnt throughout August / September delayed on-ground exploration. A second attempt in mid-November also had to be abandoned due to heavy rains in the region. As a result, it was not possible to complete the proposed mapping, sampling and drilling activities that were scheduled for 2011. A fifty percent reduction in the tenement holding was due before work was completed on the ground. Relinquished blocks considered least prospective for phoshate.