EL 31225 Final Report for Reduced / Relinquished area 23 December 2016 to 22 December 2018

Abstract

Territory Lithium, acquired the tenement (EL 31225) based on the potential that the pegmatites in the region would be Lithium and / or Rare Earth Elements bearing. A review of previous exploration activity in the region indicated that there was also the potential for Ultramafic copper-cobalt-gold (Cu-Co-Au) mineralisation in the region which further enhances the attractiveness of this prospective package. Territory Lithium were unable to meet the expenditure commitments and to this end have relinquished a portion of EL 31225 in order to reduce rental and expenditure commitments for the coming year.