EL 33642 Ngalia Basin (Full) Surrender Report For the period 23 April 2024 to 20 March 2025

Abstract

No fieldwork or data-acquisition work was completed, and the company's assessment resulted in the recommendation to conserve and reallocate the financial resources elsewhere in the Northern Territory and therefore relinquish this tenement entirely. The company allocated time and resources during the period to evaluate the potential for Uranium occurrences and the possibility for other metals within the tenement area. Expenditure during the period came to a sub-total of $7,949 before administration expenses (@15%) of $1,192, for a total $9,141. Figure 1-6 below illustrate the tenement area and underlying information such as surface geological information, local topographic information and regional geophysical information. The information presented formed the basis of the evaluations performed during the tenement period (11 months).