Reduction report EL 27746 Adelaide River Prospect, for period ending May 2013

Abstract

EL27746 was reduced from 45 to 21 blocks at the end of year 3 on the 24 May 2013. Exploration work was undertaken over the whole of the GR284-13 Acacia Frazers Group Project (which includes EL 27746) and comprised a review of previous reports, modelling and targeting. Historical data compilation and interpretation was used to generate prospective REE, gold, base-metals and uranium targets. None of the generated targets were in EL 27746 and due to the time allocated to targeting over the whole of the Acacia Frazers Group, no further exploration was carried out on EL 27746 (no drilling and no samples). As no prospective targets were generated in EL 27746 and the area is not considered prospective for basemetal, uranium or REE mineralisation, it was decided to relinquish 24 blocks.