EL 29576 Lignum Project Relinquishment report for the period 19 February 2014 to 18 February 2015

Abstract

Exploration during the reporting period comprises the desktop study for the mineral exploration. The desktop study of EL 29576 for mineral exploration has been focused the overview and technical proposal of the geological, geophysical and tectonic setting. Although the study provides fundamental data for increasing knowledge of geological processes and landscape evolution within this region, the area of EL 29576 has had no significant work carried out, as in house studies and field examinations indicated low prospectivity and all efforts have been concentrated within 'Wuhua' other exploration project (e.g., Yambah area, EL 29556 and EL 29575) where the company has a high priority area of exploration for uranium deposits.