EL 31292 Buggy Camp (Neutral Junction Project) Second Surrender Report Anniversary No.4

Abstract

Buggy Camp (EL 31292) is located 250km north of Alice Springs and comprises part of the Neutral Junction project. Bowgan Minerals Limited is the current operator of the tenement. Exploration is currently aimed at identification of potential occurrence of economic gold, silver, copper and base metals within an orogenic and/or iron oxide-copper-gold (Tennant Creek-style IOCG) deposit setting and exploration for uranium within known alaskite occurrences. Known anomalies have been previously identified further to the west, on adjacent EL's 24253, 30797 and 29475 with exploration by Bowgan currently focused towards exploration along prospective structural corridors interpreted from regional geophysics. Surrender of 50% of EL 31292 (43 out of 86 originally granted blocks) was conducted prior to the second anniversary. A second voluntary surrender (21 out of 43 blocks) was conducted prior to the fourth anniversary. This report presents a summary of all exploration activity conducted to date, on the surrendered portion of EL 31292 by Bowgan Minerals Limited.