Mount Peake Project, Partial relinquishment report, 8 August 2012 to 6 June 2017 EL 29578

Abstract

Exploration Licence 29578 was granted to Enigma Mining Limited (Enigma) on 8 August 2012 through an amalgamation of EL 23074 and EL 23271. Enigma is a wholly owned subsidiary of TNG Ltd. The licence forms part of TNG's Mount Peake Project together with EL 27069, EL 27070 and EL 27941. The Mount Peake region has been partially explored for a variety of commodities including uranium, gold, copper, iron ore, bauxite and diamonds. Recent activities in the Mount Peake area have largely been directed towards U, Au and Ni. Exploration carried out on the relinquished area of EL 29578 since grant began on a regional scale. A full literature review was carried out on the historical data and a number of reviews of the current geophysical data were undertaken producing targets for further investigation. One of these low priority targets lies within the relinquished area. A partial relinquishment from 81 to 67 blocks was undertaken in June 2017.