millways. don't forget this is not the first time that Rio forgot to renew Shovelanna and blamed the courier.... Lucky for CAZ, Rio did not loose it years ago.....
http://www.cazalyresources.com.au/files/grabdoc.php?type=doc&id=103&cid=44
Here was the most interesting part of the presentation:
Formerly held under:
1. TR5003/H (converted to E46/08, 1983)
2. E46/08 (expired 11 Feb. 1989)
3. E46/209 (expired 26 Aug. 2005)
4. Now CAZ owns EL under E46/678.
CAZALY 2005
PREVIOUS 20 YEARS PREVIOUS 20 YEARS Rio Tinto Rio Tinto JV
Total Drilling from 1986 to 2005: 0 holes for 0 metres
Work completed included; mapping, a helimag
survey, a resource estimation and 10 rock chips.
Total expenditure: $270,793 ($13,540 per annum ave.)
In 1989 E46/08 licence accidentally forfeited “…due
to postal difficulties…” (1990 Annual Report to DoIR).
Re-pegged 3 months later as E46/209.
“The proximity of the Shovelanna mineralisation to
the BHP Orebody 18 deposit suggests there may be a
strategic value to this tenement apart from any future
mineral value.” (1997 Annual Report to DoIR)
No feasibility, metallurgical, geotechnical or other
work suggestive of a commitment to mining in the
short to medium term.
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