Partial Relinquishment Report for EL 27604 from 14 December 2012 to 13 December 2017

Abstract

The relinquished area of EL 27604 formed part of the ABM Resources NL (ABM) Euro project which currently comprises Exploration Licences 25845, 26590, 26591, 26592, 26593, 26613, 26615, 26618, 26620, 26621, 26622, 26673 and 27604. The Euro project is located approximately 550 kilometres northwest of Alice in the Tanami Region (Plate 1). These tenements form the GR283 technical reporting group. ABM explored the tenement for the potential of gold and base metal mineralisation. In 2013 and 2014 project wide exploration included as a first step the importation of historic data available into the ABM's data base. Regional desktop studies followed, including geophysical and geological interpretations which resulted in the prioritisation of field assessment targets and of further desktop study targets. No on ground work was conducted. In 2015 no exploration was conducted. In 2016 a project wide reconnaissance field trip and desktop studies and a review of the regional basement geology was completed. A regional basement geology incorporating NTGS and ABM interpretation 1:500,000 merged map was produced (Plate 2). No exploration was carried out in the period up to the relinquishment date 13 December 2017. A voluntary partial relinquishment was lodged in respect of 94 blocks for EL 27604 at the end of the 5th year of term of the licence, 13 December 2017. The relinquished area overlies non-prospective granite and Archean rocks and the remaining 13 blocks consolidate the land holding over the Granites corridor and cover the ground with the potential for the prospective Dead Bullock Formation.