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EXPLORATION RELEASE AREA 746

ELLIOTT BAY

- 108 km2 -

Date for lodgement of applications: 23 November 2009


Mineral categories available for application under the ERA:
Category 1 - Metallic Minerals and Atomic Substances
and any other mineral category that may be available within the defined area.

This ERA results from the relinquishment of EL21/1999 (by Frontier Resources Limited, Exploration & Management Consultants Pty Ltd and McNeil Associates Pty Ltd) and EL20/2006 (by Frontier Resources Limited). It is located north of Elliott Bay in southwest Tasmania, within the Cape Sorell Strategic Prospectivity Zone.

The tenement lies within the highly prospective Mt Read Volcanics (MRV) belt, which hosts three of Tasmania’s six world-class ore bodies. Most of the area is underlain by felsic volcanic and volcaniclastic rocks of the Eastern Quartz-Phyric Sequence, one of the main sub-units of the MRV and considered highly prospective for a range of volcanic-hosted massive sulphide and gold deposits.

The main mineral occurrences in the Elliott Bay area are the Voyager series of Pb, Zn-Pb, Cu, Fe and Au prospects, several of which are located within the ERA. Previous exploration of these targets has involved grid-based soil geochemistry and geophysical surveys, mapping and some drilling. A significant zone of polymetallic massive sulphide assaying 7 m @ 7.8% Zn, 4.4% Pb, 78 g/t Ag and 0.4 g/t Au was intersected at the Wart Hill (V19) prospect immediately adjacent to the western boundary of the ERA.

Recent exploration within the ERA by Frontier Resources targeted base metal rich VHMS mineralisation at the NE Osmund prospect, where favourable stratigraphy and alteration suggests a potential structural repetition of the Wart Hill mineralised horizon.

Data sets available for the area include high-quality 200 metre line spacing airborne magnetic and radiometric data collected under the Western Tasmanian Regional Minerals Program, regional gravity data, and 1:25 000 scale digital geology and associated digital databases.

Further information is available from:

Mike Vicary

telephone: (03) 6233 8452

Email: mvicary@mrt.tas.gov.au

Dr David Green

telephone: (03) 6233 7596

Email: dgreen@mrt.tas.gov.au

or Dr Geoff Green

telephone: (03) 6233 8335

Email: ggreen@mrt.tas.gov.au


Due to scale limitations some tenements and areas not subject to the Mineral Resources Development Act,
and therefore unavailable for tender, may not be depicted in the diagram.

The exploration release system offers newly available ground at a nominated date, at least two months after expiry, revocation or surrender of a licence. During that time the area is unavailable for application.

After the end of the moratorium period applications may be lodged, for Exploration Licences or Mining Leases, by courier, registered mail or in person for the whole or part of the ERA. Applications for ERA 746 may be made on 23 November 2009 and up to four working days thereafter. All applications received during this five day period will be treated as simultaneous and have equal priority.

Applications with equal priority will be considered and decided on merit. If no applications are received during the five day application period the area becomes open ground for 'over the counter' application.

APPLICATIONS

Application forms may be obtained from the Registrar of Mines or downloaded from the MRT website.

REPORTS

A listing of available reports may be obtained by searching on tenements EL20/2006 and EL21/1999 on the MRT website.

MRT Home/ Exploration and Mining/ Exploration Release Areas/ ERA 746


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