Annual and final surrender report Quartz Hill EL24838 for the Period 6 April 2006 to 8 May 2013

Abstract

In 2006, Cazaly Iron Pty Ltd was granted tenements EL 29256 and EL 24838. In 2007, Newera Uranium Ltd became the joint venture operators of both EL's and undertook exploration activities for uranium, REE and IOCG targets until 2009. The exploration activities carried out by Newera consisted of acquisition and analysis of open file data by CSA Australia, public domain geophysical data, topographic map data, satellite imagery, a VTEM survey, and rock chip sampling. From 2011-2013 Epic Resources explored EL 24838 until withdrawing from the Agreement with Cazaly Resources Limited in early 2013. Epic carried out first-pass reconnaissance mapping and sampling campaign within the Quartz Hill Project. The main focus of this work was to map the zonation within the most prospective individual pegmatites where REE-U mineralisation has been reported. Concurrent rock chip samples were taken from identifiable zone, with multiple samples taken from several sites along strike in larger pegmatite bodies. Activities were restricted to the 'Lone Pine' prospect due to the deteriorated condition of the tracks leading to the Feldspar prospect, caused by a lengthy wet season experienced in the Northern Territory. Epic returned tenement EL 24838 to Cazaly Resources Limited in early 2013. A review by Cazaly of all work completed over EL 24838 concluded there was limited potential for a significant discovery. Therefore the tenement was surrendered on the 8th May 2013.