Partial relinquishment report for EL 30006 Davis Gap Ngalia Regional Project period ending 24 March 2017

Abstract

EL 30006 comprising of 56 graticular blocks and located between 7 and 20 km south of the Bigrlyi uranium deposit was granted on 9th April 2014 for a period of six years. The tenement was acquired to explore for Bigrlyi-style and Camel Flat-style uranium mineralisation hosted within Mt Eclipse Sandstone of the Ngalia Basin. Work included a review of historical exploration and the creation of merged regional geophysics imagery from open file and Energy Metals survey data to assist with anomaly targeting. In late 2016, a prospectivity review of EL 30006 was undertaken. It was considered that areas of Mt Eclipse Sandstone, which are mostly covered by regolith materials, are located too high up in the stratigraphy to be prospective for Bigrlyi-style uranium deposits. However, the results of the review indicate the potential for Camel Flat style deposits associated with the Yuendumu thrust fault system still remains. Surrender of 50 blocks of non-prospective ground was undertaken.