Glasshouse project, Partial relinquishment report for EL 26701 Glasshouse 12 for the period ending 26 March 2013

Abstract

In accordance with statutory permit conditions, Australis Exploration Ltd has undertaken a partial relinquishment of EL 26701 reducing the EL in size by 80 sub-blocks. This report details all work undertaken on the 80 relinquished sub-blocks of EL26701 from the grant of the tenement until the relinquishment in March 2013. Australis carried out the following work on the project: Compilation and Evaluation of the Available Geophysical Data; Prospectivity Assessment and Valuation; Reconnaissance trip to assess mineralisation potential. The work concluded that the area relinquished does not have the potential to host shallow rock phosphate. In conclusion, 80 sub-blocks were selected for partial relinquishment during this reporting period.