Final surrender report for EL 31636 Vaughan Springs, Ngalia Regional Project period ending 9 April 2018

Abstract

EL 31636 'Vaughan Springs' is part of the 100% owned Energy Metals Ltd (EME) Ngalia Regional Project situated approximately 360km northwest of Alice Springs and 20km southwest of the Bigrlyi uranium project. EL 31636 was a replacement title for original title EL 24533 and came into effect in July 2017. The EL is located west of the Bigrlyi deposits and includes the Autobahn uranium prospect and the Yuendumu Thrust West uranium prospect. The tenement borders the tightly folded Vaughan Springs Syncline of the Treuer Range to the west, and in the south and east, comprises mainly of Mount Eclipse Sandstone under sand cover of variable thickness. Exploration activities on EL 31636, and its predecessor EL 24533, have been limited by Aboriginal heritage sites where ground disturbing works were either not permitted or restricted. The heritage area covers all of the Treuer Range and part of the surrounding sand plain. Due to assessed low prospectivity for uranium mineralisation, four blocks along the southern boundary of EL 31636 were relinquished in conjunction with an amalgamation of four blocks of EL 24453 located on the northern boundary. A replacement title EL 31820, covering the retained amalgamated areas of EL 31636 and EL 24453, was approved on 29th March 2018. Since grant the four relinquished blocks of EL 31636 which largely comprise regolith-cover over Mount Eclipse Sandstone and basement metamorphic rocks, have had no on-ground exploration works conducted on them.