EL 32709 Brunette Downs Partial Relinquishment Report for Period ended October 16th 2024

Abstract

Red Metal Limited is the owner and operator of EL 32709, located 195 km north-east of Tennant Creek. The tenement forms a part of Red Metal's Brunette Downs project with ELs 32708, 32710 and 32714. EL 32709 originally comprising 250 sub-blocks was reduced to 123 sub-blocks on 27 October 2023, and further to 18 sub-blocks on 16 October 2024 when 105 sub-blocks were relinquished. This report details exploration conducted on the 105 relinquished sub-blocks from October 27, 2021 to October 16, 2024. Work during the term comprised: Review of regional geophysical and geochemical datasets. No targets warranting follow-up work were identified within the area of the surrendered 105 sub-blocks and it was decided to relinquish them.