Relinquishment report on exploration activities for area ceased 11 August 2013, EL 28498 Freeling

Abstract

No on-ground exploration activities were conducted by Arafura Resources within the relinquished area. The multi-tenement Aileron East airborne magnetic and radiometric survey which was acquired by Arafura in early 2013 just encroaches on to the southern part of the relinquished area. In 2013, Arafura Resources modelled the depth to magnetic basement across the project area using its detailed airborne magnetic survey data. Arafura also reviewed and reprocessed NuPower's open file AEM data across the greater project area, using new processing algorithms and a revised 5 Layered Earth Inversion (LEI) model. These combined geophysical interpretations plus Nupower's nearby exploration/stratigraphic drilling indicate there is a substantial thickness of Tertiary sediments within the relinquished areas. Consequently these areas were deemed to be of low exploration interest and the area relinquished.