EL 26901 Avon Downs, Fourth annual and surrender report report for EL 26901, for the period 17 March 2009 to 21 February 2013

Abstract

EL26901 AvonDowns, lies within the Georgina Basin and was acquired for its potential to host rock phosphate. The tenement consisting of 198 blocks was granted on 17 March 2009, on 17 March 2011 100 blocks were relinquished, and on 17 March 2012 a further 49 blocks were relinquished. The tenement was surrendered 21 February 2013. During the reporting period the following work was carried out: Acquisition of publically available geological digital data; Acquisition of publically available geophysical data; and Evaluation of Open File Exploration Data & evaluation for potential exploration targets. The blocks retained for the current year were considered worthy of continued exploration however after contraction of funding sources during the period and the lack of success of joint venture initiatives, it was decided to allocate funds elsewhere and surrender the tenement. No exploration work was carried out during the current operational year