EL 29831 Calvert Hills Project Partial surrender report 4 September 2013 to 24 November 2016

Abstract

This is the partial surrender report for EL 29831. The tenement was previous part of group report (GR327) for the Calvert Hills Project, consisting of EL 29830, EL 29831 and EL 29835. The tenements were granted to Oz Uranium (NT) Pty Ltd, a wholly owned subsidiary of Rockland Resources Pty Ltd, in 2013. They are situated in the Calvert Hills locality approximately 150 km south of Borroloola in the Northern Territory. Rockland Resources is primarily exploring for Proterozoic unconformity style uranium deposits and local variants similar to the Westmoreland Deposits. The main work undertaken has been compilation of geophysics, geology, geochemistry and drilling. Some integrated targeting has been completed along with a brief field reconnaissance visit. Exploration is difficult since there is extensive cover masking any buried deposits. The sub-surface geology is similar to what occurs at Westmoreland Deposits (greater than 100 km to the east), however, uranium deposition has not been confirmed at the project and the basin architecture is potentially more complex. The company has decided not to further pursue the uranium targets at the project but has retained a portion of EL 29831 to assess the Vanadium potential at the Vanadis Prospect.