EL 32871 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 32871 during the reporting period from 5 April 2022 to 4 April 2024. EL 32871 is one of 17 ELs (reduced from 21 ELs) that make up the Pegmatite One's Northern Territory tenure package. EL 32871 originally covered 119 blocks for 377.59 km2 but was reduced to 59 blocks for 187.24km2, 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 32871 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.