Partial relinquishment report for EL 30004 Crystal Creek Ngalia Regional Project period ending 24 March 2017

Abstract

EL 30004 comprising 84 graticular blocks and located approx. 40 km east of the Bigrlyi uranium deposit was granted on 9th April 2014 for a period of six years. The tenement was acquired to explore for Rankins Reward style uranium mineralisation in granitic basement of the Aileron province and Bigrlyi-style uranium mineralisation within Mount 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 30004 was undertaken. It was considered that areas of granitic and metamorphic basement (Aileron Province), which are mostly covered by thick regolith materials, are unlikely to be prospective for either of the uranium deposit styles being sought and the surrender of 55 blocks of non-prospective ground was undertaken.