EL 32868 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 32868 during the reporting period from 5 April 2022 to 4 April 2024. EL 32868 is one of 17 ELs (reduced from 21 ELs) that make up the Pegmatite One's Northern Territory tenure package. EL 32868 is part of GR624 - South Barrow Creek Lithium Project, with EL 32834. EL 32868 originally covered 32 blocks for 102.25 km2, over two non-contiguous areas but was reduced to 16 blocks for 51.14km2 (still over two non-contiguous areas), prior to its second anniversary date (04/04/2024). The area has a history of tin prospectivity. Target minerals are lithium, tin and tantalum. No exploration was conducted over the partially relinquished portion of EL 32868 during the reporting period from 5 April 2022 to 4 April 2024. This area was relinquished as a part of a tenure rationalisation exercise due to the need to reduce costs.