EL 29840 Arruwurra Partial relinquishment report for period ending 24 March 2017

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 15 RC drill holes were drilled on the relinquished part of the historic tenements, with significant results including 19 m at 13.57 percent P2O5 and 14 m at 23.30 percent P2O5. Since 19 March 2013 when EL 29840 was granted, work has comprised rehabilitation and rehabilitation monitoring. The tenement was reduced by 86 blocks in 2015. A partial cancellation of 37 blocks was made in April 2016. A partial relinquishment of 24 blocks was made on 24 March 2017 pursuant to section 29 of the Mineral Titles Act. Although some significant mineralisation has been identified on the relinquished blocks, it is deeper and more isolated than the mineralisation identified within the very large Wonarah JORC resource.