Final annual technical report EL 28853 No. 1 Tank 6 February 2012 to 5 February 2016

Abstract

The EL 28553 'No. 1 Tank' license area is comprised of thirteen graticular blocks and straddles the West Bore Schist Zone. The license area contains a series of faulted blocks, fragmented by merging West Bore Shear Zone and Cadney Fault zone regional structural trends (deemed mantle tapping structures). Tenure was initially granted to Gempart (NT) Pty Ltd in 2012 and CXO entered into a joint venture and became operators in late 2012. In 2014 CXO purchased EL 28853 outright from Gempart. Exploration work over the life of EL 28853 has been limited to desktop studies with no fieldwork undertaken. After final review and in reaction to poor investor sentiment over the last twelve months the company has decided to surrender EL 28853 whilst it focuses on lithium and its Jervois Projects.