EL 28409 Second annual and final surrender report for the period 17 August 2012 to 16 August 2013

Abstract

Exploration Licence 28409 was granted to Minerals Invesco Pty Ltd (Invesco) in the Northern Territory on 17 August 2011 for a period of 6 years. The licence is mostly located in the Georgina Basin and very little part in the eastnorthern border of Tomkinson Province of the Tennant Creek Region. Mineraisls Invesco completed a thorough desktop review of all previous exploration on the ground now covered by EL 28409 in the first year of tenure. All available STRIKE digital data and open file company reports were reviewed. There were site reconnaissance and geology mapping carried out by Invesco in the second year of tenure. A thorough review of the phosphate and manganese potential of the licence area was also completed. The Tennant Creek Mangnese Project is considered to have only low potential for base metals, phosphate and manganese. It is recommended that the tenement be relinquished.