EL 30832 Annual Report for the period 13 July 2015 to 12 July 2016

Abstract

This report describes exploration activities conducted on Frances Creek tenement EL 30832 by operator Territory Iron Pty Ltd from 13th July 2015 to 12th July 2016. EL 30832 was granted to Territory Iron Pty Ltd for a term of two years on the 13th July 2015 and due to expire on the 12th July 2017. EL 30732 comprises graticular blocks of partially surrendered tenements EL 24040 and EL 29015 (Glass, 2015a and Glass, 2015b). ). EL 24040 and EL 29015 underwent partial relinquishment whereby 16 blocks (13 from EL 24040 and 3 from EL 29015) were surrendered. Six graticular blocks from EL 24040 were retained and amalgamated with a single graticular block from adjoining tenement EL 29015 to form new tenement EL 30832. The Notice of Intention to Issue Replacement Title (dated 2nd July 2015) was granted for EL 30832 on the 13th July 2015. Upon grant of EL 30832, the six retained blocks of EL 24040 and single block from EL 29015 were automatically cancelled. Exploration activities during the reporting year for EL 30832 included a rehabilitation audit for drill sites and tracks which underwent recontouring on areas within graticular blocks that were formally held by EL 24040 and EL 29015, desktop studies and evaluation of earlier acquired data. The remediation status for all drill sites was evaluated in July 2015 and the drill sites are rehabilitating well.