EL 23186 Partial relinquishment report, 24 October 2016

Abstract

This partial relinquishment report documents activities undertaken on the areas relinquished in 2016 on exploration licence (EL) 23186 for the period of tenure 10th of May 2012 to the 15th of July 2016 for Kidman Resources. Kidman Barrow Creek Pty Ltd, a wholly owned subsidiary of Kidman Resources Ltd, purchased the EL 23186 from previous owners, Imperial Granite Pty Ltd, Goldstake Explorations Inc. and Robert Cleaver. The EL transfer was granted by the Northern Territory Department of Resources on the 10th May 2012. The EL is composed of two historical prospects known as The Home of Bullion Prospect and Prospect D. The primary objective of the exploration is Gold and Base metals with the aim of delivering a JORC compliant inferred resource. The area relinquished by Kidman Resources while not definitively ruled out from hosting economic mineralisation, it has been decided that resources could be better utilised and expended on other more advanced targets within the area and further afield.