Partial relinquishment report for EL 26613 Euro Project GR283 from 14 December 2012 to 15 May 2017

Abstract

The relinquished area of EL 26613 formed part of the ABM Resources NL (ABM) Euro project which currently comprises Exploration Licences 25845, 26590, 26591, 26592, 26593, 26613, 26615, 26618, 26620, 26621, 26622, 26673 and 27604. The Euro project is located approximately 550 kilometres northwest of Alice in the Tanami Region (Plate 1). These tenements form the GR283 technical reporting group. ABM is exploring the tenement for the potential of gold mineralisation. In 2013 and 2014 project wide exploration included as a first step the importation of historic data available into the ABM's data base. Regional desktop studies followed, including geophysical and geological interpretations which resulted in the prioritisation of field assessment targets and of further desktop study targets. No on ground work was conducted In 2015 no exploration was conducted. In 2016 a project wide reconnaissance field trip and desktop studies and a review of the regional basement geology was completed. A regional basement geology incorporating NTGS and ABM interpretation 1:500,000 merged map was produced (Figure 1). No exploration was carried out in the period up to the relinquishment date 15 May 2017. To make the 298 block tenement compliant with Mineral Titles Act, which allows a maximum of 250 blocks, a voluntary partial relinquishment was lodged in respect of 48 blocks (16 % reduction), effective from 15 May 2017. The relinquished area of EL 26613 was selected due to: Being of low priority in recent prospectivity targeting; Magnetic and gravity data show no interesting features of any kind; and Historic soil geochemistry was sparse and was not encouraging.