Partial Cancellation Report for EL 29789 for the period 25 July 2013 to 29 May 2019

Abstract

The subject tenement originally consisted of 14 sub-blocks when granted on 25 July 2013 to Crossland Nickel Pty Ltd (Crossland) and Panconoz Pty Ltd. The latter entity was purchased by 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, 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 18th March 2019. The penalty relates to two consecutive years of under spend on the licence. The number of sub-blocks subject to the cancellation was two (2), from the current total area of eight (8). No exploration activities have been carried out within the relinquished area.