EL 24305 Partial relinquishment report to 4 November 2017

Abstract

The tenement is considered prospective for base metal mineralisation, similar to that at McArthur River (HYC) in the McArthur Basin. In January 2014 Rio Tinto Exploration and DPG Resources Australia Pty Ltd entered into an Earn In and Joint Venture Agreement with DPG managing the tenements. The exploration undertaken by DPG for the sub-blocks to be relinquished has included purchase of World View 2 satellite imagery; a geological review and report was undertaken by David Jones for compliance with the TSX 43-101 reporting requirements; a detailed airborne magnetics and radiometrics survey; and an IP dipole-dipole survey. It was decided to relinquish these sub-blocks so that DPG can concentrate exploration on the more prospective areas of the tenement, and to enable a more effective and efficient approach for on-ground work.