Partial relinquishment report EL 24451 Mount Hammond Ngalia Regional Project 6 February 2006 to 8 January 2016

Abstract

Exploration Licence 24451 (Mt Hammond) is part of the 100% owned Energy Metals Ltd (EME) Ngalia Regional Project situated approximately 200km northwest of Alice Springs and 170km southeast of the Bigrlyi uranium project (Kerr and Liu, 2015). EL 24451 was granted on 6 February 2006. A partial reduction (reducing the EL by 16 blocks or 11% of the original area) was approved on 8 January 2016. This report covers exploration activities that occurred on the surrendered area during Energy Metals period of tenure. The tenement comprises areas of Vaughan Springs Quartzite outcrop along the southern margin of the Ngalia Basin and granitic basement of the Aileron Province to the south. Much of the tenement comprises Quarternary regolith deposits overlying Cenozoic sediments and buried Mt Eclipse Sandstone and other Palaeozoic to Neoproterozoic age units. No on-ground exploration activities took place on the relinquished blocks. Exploration work on the relinquished blocks over Energy Metals? period of tenure included an aerial geophysical radiometric and magnetic survey with interpretation (2007) and a project review (2015). Following an assessment in 2015, part of the tenement located outside the Ngalia Basin was considered to be non-prospective for uranium and was relinquished.