Final surrender report EL 31728 Arunta Project 1 June 2018 to 20 December 2018

Abstract

The Arunta Project was acquired on the basis of extensive underlying Wangala Suite Granites mapped across the Napperby area - highly lithium fertile rocks. Upon further investigation into the prospectivity of these rocks and in consideration of the deteriorating conditions within the Li market the project was downgraded. The Company also received notification from the National Native Title Tribunal that there was an application made by the Ngalyia Aboriginal Corporation RNTBC and Northern Territory to vary clauses within the determination. The complexity of this and its impact further downgraded the prospectivity of the project and the tenure relinquished. No work was undertaken.