EL 32834 GR624 South Barrow Creek Lithium Project Partial Relinquishment Report for the period 5 April 2022 to 4 April 2024

Abstract

This report describes exploration activity conducted over the partially relinquished portion of EL 32834 during the reporting period from 5 April 2022 to 4 April 2024. EL 32834 is one of 17 ELs (reduced from 21 ELs) that make up the Pegmatite One's Northern Territory tenure package. EL 32834 is part of GR624 - South Barrow Creek Lithium Project, with EL 32868. EL 32834 was granted on 5 April 2022 for a six-year period and has an expiry date of 4 April 2028. EL 32834 originally covered 191 blocks for 609.29 km2 but was reduced to 94 blocks for 299.85km2 prior to its second anniversary date (04/04/2024). The area has a history of tin prospectivity. Target minerals are lithium, tin and tantalum. During the reporting period, no exploration was conducted on the partially relinquished portion of EL 32834. This area was relinquished as a part of a tenure rationalisation exercise due to the need to reduce costs.