Surrender report EL 28535 Redbank Project for the period 20 September 2011 to 31 October 2016

Abstract

The tenement form part of Redbank Copper Limited's, Calvert Project which is located 300 km south east of the township of Borroloola near the northern Territory/Queensland border. The tenements cover a sequence of sediments and volcanics of the Tawallah Formation. The tenements are prospective for breccia pipe hosted copper mineralisation. During the term of the licence, no field work was completed within the tenement. From on-going desktop review and assessment, the tenement was considered to host low to nil prospectivity for copper, and as such, the Company decided to relinquish the tenement, and focus its efforts elsewhere.