Annual Report for Rum Jungle EL 26094 for the period 6 May 2014 to 5 May 2015

Abstract

No field work was completed on EL 26094 during the year. In June 2014, the Northern Territory Department of Mines and Energy notified Regalpoint that parts of EL 26094 fall within the Adelaide River Offstream Water Supply (AROWS) catchment and that future development proposals of any mineral discoveries in the area would be blocked. Therefore, Regalpoint reviewed the entire licence and decided to relinquish the 16 blocks most affected by the catchment. The proposed drilling programme at Highlander was also reviewed to better target the high-grade gold domains. An updated Mining Management Plan for the revised drilling was approved by the NT Department of Mines and Energy on 06 May 2015.