Charley Creek Partial cancellation report for EL 28434 for the period 28 July 2011 to 26 April 2018

Abstract

The subject tenement, which consisted of 125 sub-blocks, was granted on 28 July 2011 to Crossland Nickel Pty Ltd and Panconoz Pty Ltd. The latter entity was purchased by the current JV partner, Essential Mining Resources Pty Ltd. (EMR) in 2016. Crossland holds a 56.28% and EMR 43.72% ownership of the licence. Both companies are wholly owned by Crossland Strategic Metals Limited (Crossland), the Operator of the Charley Creek Project. Crossland / EMR was issued with a Partial Cancellation Notice (Loss of Block Penalty) from the Department of Primary Industry and Resources Mines and Energy (DPIR) on the 27 March 2018. The penalty relates to two consecutive years of underspend on the licence. The number of sub-blocks subject to the cancellation was 31. On the 18 April 2018, Crossland notified DPIR of the blocks chosen for relinquishment. This report deals with the area relinquished by Crossland. No exploration activities have been carried out within the relinquished area.