Partial relinquishment report for EL 26825 Barrow Creek Project from 27 January 2009 to 26 January 2016

Abstract

ABM explored the tenement for the potential of gold mineralisation. Exploration included a low level airborne geophysical aeromagnetic survey across the four Kroda and the Tulsa prospects, a project wide reprocessing of comprehensive aeromagnetic data and its integration into a compilation of a basement geology map. At the end of the 8th year of term a voluntary partial relinquishment was lodged in respect of 39 blocks, effective from 1 February 2016. The 2016 Barrow Creek project data review concluded in a partial relinquishment of EL 26825. The relinquished area of EL 26825 was surrendered due to: The lack of significant geochemical results; Surrendered areas are off the main mineralised trend; The relatively high tenure cost per block. The surrendered blocks represent a 23% reduction of the tenement area.