Partial relinquishment report EL 24804 Waite Creek Ngalia Regional Project period ending 15 April 2015

Abstract

During the period of tenure the activities undertaken on the relinquished blocks included ground reconnaissance surveys, heritage surveys, an aerial geophysical radiometric and magnetic survey (2007), an aircore drilling program to test for the presence of possible calcrete-hosted uranium mineralisation (2009), and a project review (2014). Poor results from the drilling program and findings that surface radiometric anomalies were associated with a dominance of Th relative to U, indicated that the potential was low for the presence of an economically viable surficial uranium system within the tenement. Accordingly, the southern part of the tenement was relinquished and 17 blocks retained over more prospective areas in the northern part of the tenement.