EL 27878 Kalala Partial relinquishment report 15 September 2010 to 14 September 2012

Abstract

Natural Resources Exploration's exploration activities focused on delineating surface targets within the relinquished area with the aim of identifying any phosphate, diamond and base metal mineralisation in the region. NRE conducted both office-based studies and field operations on EL 27878 during the term of this tenure. NRE carried out a detailed geological assessment of the relinquished area. Research included review and compilation of the data in the Northern Territory Geological Services' (NTGS) open file reports, air photo imagery and examination of the latest geological maps. NRE also engaged Terra Search Pty. Ltd. To attend the Northern Territory's Darwin Core Facility to analyse a number of water bores from within the Daly Waters Project. There were two (2) water bores within the relinquished area. NRE has been able to successfully analyse the work conducted in the second term and integrate and collate the results of the geological, geophysical and drill and bore hole data. Furthermore, NRE was able to characterise the stratigraphic relationships pertaining to phosphate and base metal mineralisation to identify the most prospective areas within its Daly Waters Project tenures. NRE believes that the relinquishment area is the least prospective areas for phosphate and base metal mineralisation.