Final relinquishment report for EL 24286

Abstract

This relinquishment report details exploration activity for diamond bearing kimberlite intrusives carried out by Legend International Holdings ('Legend') and previous explorers on Exploration Licence EL 24286 for the period 24 January 2005 to 23 January 2011. EL 24286 Abner North was granted to Gravity Diamonds Ltd ('Gravity') on 24 January 2005. The acquisition of Gravity Capital Limited ('Gravity Diamonds') tenements in 2009 by Legend International Holdings ('Legend') instigated a comprehensive data compilation exercise to incorporate the data received and aimed at prioritizing existing and generating new exploration targets for the field season. While the principal target in the area is diamonds, some interest is also directed toward base metal deposits. Additional stream gravel sampling has not yet defined a potential source area and as yet no kimberlite has been identified within the licence. Legend considers the licence to be prospective for kimberlites and has applied for this area to be included into a new SEL application with several other contiguous licences.