Partial Relinquishment Report EL 24451 Malawiri Surrounds Ngalia Regional Project 6 February 2006 to 21 January 2019

Abstract

Exploration Licence EL 24451 (Malawiri Surrounds) is part of the 100% owned Energy Metals Ltd (EME) Ngalia Regional Project situated approximately 200km northwest of Alice Springs and 170km southeast of the Bigrlyi uranium project (Kerr & Liu, 2015). EL 24451 was granted on 6 February 2006. A second partial reduction reducing the EL by 20 blocks was approved on 21 January 2019. This report covers exploration activities that occurred on that surrendered area during Energy Metals' period of tenure. The tenement comprises areas of Vaughan Springs Quartzite outcrop along the southern margin of the Ngalia Basin and granitic basement of the Aileron Province to the south. Much of the tenement comprises Quaternary regolith deposits overlying Cenozoic sediments and buried Mt Eclipse Sandstone and other Palaeozoic to Neoproterozoic age units of the Ngalia Basin. Exploration work on the relinquished blocks over Energy Metals' period of tenure included an aerial geophysical radiometric and magnetic survey with interpretation (2007), a reconnaissance field trip to the Stuart Bluff Range (2014) and a project review (2015). Following an assessment in 2015, part of the tenement located outside the Ngalia Basin was considered to be non-prospective for uranium and was relinquished in 2016. In 2018, ground covering the Stuart Bluff Range and the south- eastern portion of the tenement was deemed to be outside the most prospective target areas; the ground was subsequently relinquished.