Epenarra Project, Final surrender report, 18 January 2010 to 8 January 2013

Abstract

EL 27382 lies approximately 250km by road east of the township of Tennant Creek. The licence was granted to Northern Minerals Limited in 2010 for a period of 6 years. EL 27382 originally comprised 398 blocks, covering an area of approximately 1292 km. The first fifty percent reduction of EL 27382 on 18 January 2012 covered an area of 646.5 km (199 blocks). Northern Minerals Limited targeted Cambrian phosphorite deposits within the Georgina Basin. The data review and compilation suggest that EL 27382 is in an area considered prospective for phosphate mineralisation. The Cambrian Gum Ridge Formation and the Middle Cambrian Wonarah Formation are interpreted to underlie the tenement. These rocks host significant regional phosphate resources and are considered to be a potential host for phosphate mineralisation. Despite the prospectivity of the tenement for economic phosphate mineralisation, as indicated by the data review and compilation, the area covered by tenement EL 27382 effectively remains untested. Due to Northern Minerals focus on other commodities, the tenement has been surrendered.