EL 26779 Partial relinquishment report for period ending 23 December 2012

Abstract

EL 26779 is a granted lease within the Redbank Copper operational area in the Northern Territory, and currently is in its fourth year of tenure. A partial surrender was conducted by Redbank in accordance with its statutory obligations. A total of 27 blocks were relinquished, therefore retaining a total of 28 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 georeferenced 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. The ultimate prospectivity of the relinquished area has not been tested due to the Redbank's constraints on funding. Further exploration is recommended.