EL 29840 Partial relinquishment report for period ending 14 April 2016

Abstract

EL 29840 (Arruwurra Project) is located approximately 220 km ESE Tennant Creek and approximately 25 km south of the Barkly Highway on the Frew River and Alroy 1: 250,000 and the Joildung and Wonarah 1:100,000 map sheets in the Northern Territory. The tenement occurs within the central western part of the Georgina Basin where flat-lying, phosphate-bearing Cambrian sediments have been deposited. The lower part of this sequence, the Gum Ridge Formation, is considered prospective for phosphate mineralisation overlying either carbonates or basalts of the Middle Cambrian. The tenement was formed by the amalgamation of several tenements in early 2013. A total of 20 RC drill holes and a ground magnetics survey were conducted on the relinquished part of the historic tenements, with the only significant result being from RC drilling (10m at 23.23 percent P2O5). Since 19 March 2013 when EL 29840 was granted, no work has been completed. A partial relinquishment of what was deemed to be the least prospective part of the tenement was made in March 2015. A partial cancellation of 37 blocks was made on 14 April 2016 pursuant to section 105 (1) (b) of the Mineral Titles Act.