EL 26778 Partial relinquishment report for period ending 23 December 2012

Abstract

EL 26778 is a granted in the Redbank Copper operational area in the Northern Territory. A partial surrender was conducted by Redbank in accordance with its statutory obligations. A total of 58 blocks were relinquished therefore retaining a total of 47 blocks. Activities conducted across the relinquished portion involved the regional compilation of all open file and available geophysical, geochemical and geological data. This compilation has been indexed and geo-referenced with point extraction of data where required. Detailed geophysical interpretation was completed over the tenement to develop a more refined geological and structural framework with subsidiary target generation for follow-up. Following the interpretation of the historical results and the field reconnaissance across the tenement area it was determined that the relinquished portion did not meet Redbank Copper Limited's exploration targeting criteria.