Partial Relinquishment Report for EL 32450: Barkly Project, NT for the Period 21 May 2021 to 30 June 2023

Abstract

This report adheres to provisions of s29 and (Regulation86(1)) of the Mineral Titles Act 2010. Due to the extent of the tenement area and insufficient time and capacity to conduct intensive exploration activities, a 100% waiver of reduction for Year 2 was applied for and approved. In a subsequent Company review of the tenement, the potential for any mineralisation of significance was deemed low, and it was decided to partially relinquish a total of 21 blocks, leaving 228 blocks to be retained. Effective cessation of the nominated blocks was 5 June 2023.