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Mineral Resources Tasmania
ABN 36 388 980 563
http://www.mrt.tas.gov.au
Form No. E7
Mineral Resources Development Act 1995 (Section 28)
EXPLORATION LICENCE ANNUAL REVIEW
(Note: This form and the annual report are due 30 days before the annual anniversary of the licence)
DETAILS OF LICENCE AS
AT ANNIVERSARY DATE
Exploration Licence No.: EL18/2004
Location: Corinna
Area: 125
km²
Anniversary Date: 11/1/2005
Licensee: Discovery Nickel Limited
ARE YOU REDUCING THE
LICENCE AREA ?
Yes
No
If yes please attach a plan clearly showing area(s) held
and area(s) to be relinquished.
SUMMARY OF EXPLORATION COMPLETED
Brief outline of work undertaken and major results during the current year:
∙ Review of previous mineral exploration and geological data from MRT.
∙ Purchase the MRT stream sediment and whole rock geochemical datasets for
western Tasmania.
∙ Review and process (convert to levelled data) the MRT stream sediment and whole
rock geochemical datasets.
∙ Reconnaissance field trip to DNL’s various Tasmanian tenements in order to collect
mafic/ultramafic rock samples to compliment the MRT stream sediment and whole
rock geochemical datasets.
∙ Obtain independent expert review of the DNL reconnaissance field trip geochemical
results and the levelled data from MRT stream sediment and whole geochemical
datasets in order to assess the prospective of DNL’s tenements for magmatic nickelcopper sulphide mineralisation.
∙ Reassess the prospectivity of DNL’s various Tasmanian tenements inline with the
independent experts interpretation and conclusions.
PROPOSED EXPLORATION
Summary of proposed exploration for next year (including expenditure details where
appropriate):
Follow up field geological investigation and geochemical sampling. Costs (including
travel costs, salaries, lab costs, geological consulting): ~$15000
Ground EM survey. Cost: ~$60,000
If space insufficient please attach separate sheet.
Office Use
2
Office Use Only
Satisfactory Performance:
– Assessing Geologist:
Yes
No
Date:
Yes
No
Date:
Yes
No
Signature:
– Senior Geologist:
Signature:
– Managing Geologist:
Signature:
Date:
3
ENVIRONMENTAL IMPACT ACTIVITIES
Office Use Only
Describe activities which caused disturbance detailing type and location:
None
REHABILITATION
Describe environmental rehabilitation during current year:
None
If space insufficient please attach separate sheet.
Satisfactory Environmental Performance:
– Environmental Field Officer:
Yes
Signature:
Date:
Proposed expenditure for next year:
Signed:
No
$ 75,000
Andrew Johnstone
Position:
Exploration Manager
Date:
3/1/06
Office Use Only
EXPENDITURE COMMITMENTS
Actual Expend. Yr...........
$ .........................
() Yr.......... Comm.
$ .........................
(=)
Surplus / Shortfall**
$
Yr.......... Comm.
$ .........................
(+)
**Shortfall
$ .........................
(=)
Total Comm. Yr.........
$
REPORTING
Annual
– Received
/
– TCR No.:
........................................
/
Relinquishment
– Received
/
– TCR No.:
........................................
/
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