Partial relinquishment report EL 29896 Barrow Creek Project from 27 January 2009 to 26 January 2015

Abstract

The relinquished area of EL 29896 formed part of the ABM Resources NL (ABM) Barrow Creek project which currently comprises Exploration Licenses 8766, 23880, 23883, 23884, 23885, 23886, 26825, 28515, 28727, 28748, 29723, 29724, 29725 and 29896. The Barrow Creek project is centered approximately 320km NNW of Alice Springs in the North Arunta region and stretches for 236km west to northwest of the town of Barrow Creek (Figure 1). These tenements form the GR162/12 technical reporting group. The tenement area was selected as it was included in Newmont's Tanami Regional Framework study which highlighted the prospectivity of the area. ABM explored the tenement for the potential of gold mineralisation. Exploration included project wide reprocessing of comprehensive aeromagnetic data and its integration into the compilation of a basement geology map. In 2015 the review of data over EL 29896, in particular the magnetic data, did not show any immediate drill targets and did not indicate any significant features warranting follow up work. In addition, the geochemical data was poor. The majority of the relinquished blocks fall in an exploration exclusion zone. This led to an 18% reduction of the tenement area.Exploration included project wide reprocessing of comprehensive aeromagnetic data and its integration into the compilation of a basement geology map. In 2015 the review of data over EL 29896, in particular the magnetic data, did not show any immediate drill targets and did not indicate any significant features warranting follow up work. In addition, the geochemical data was poor. The majority of the relinquished blocks fall in an exploration exclusion zone. This led to an 18 percent reduction of the tenement area