EL 32006 Final Relinquishment Report 7 May 2019 to 27 November 2023

Abstract

EL 32006 Victoria River Downs was granted to Pennant Resources Pty Ltd on 7th May 2019 and consisted of one-hundred and four (104) sub-blocks with a total area of 342.56km2. The tenure is located approximately 404 km south of the city of Darwin, and approximately 220km southwest of the town of Katherine in the northwest of the Northern Territory. The project area has the potential for sedimentary-hosted zinc-dominated base metal deposits similar in style to the giant McArthur River, Cannington, and Century deposits. DGR Global Limited acted as the operator for the project, however EL 32006 was cancelled on 27 November 2023 for failure to remit remaining rent for year five (5) of the licence as per the approved payment plan (section 95 of the Mineral Titles Act 2010).