EL 32872 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 32872 during the reporting period from 5 April 2022 to 4 April 2024. EL 32872 is one of 17 ELs (reduced from 21 ELs) that make up the Pegmatite One's Northern Territory tenure package. The area has a history of tin prospectivity. EL 32872 originally covered 244 blocks for 762.15 km2 but was reduced to 80 blocks for 249.18km2, 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 32872 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.