EPM28528 CAWANA LAKE FINAL REPORT FOR PERIOD ENDING 23 JULY 2024

URL: https://geoscience.data.qld.gov.au/dataset/cr149052

This final report describes the exploration activities carried out by FMG Resources Pty Ltd on EPM 28528 between 6 February 2024 and 23 July 2024. FMG Resources Pty Ltd is a subsidiary of Fortescue Ltd (Fortescue), an Australian minerals company based in Western Australia, which is currently exploring for critical minerals in northern Queensland.

Exploration completed on EPM 28528 throughout the life of the licence comprised a review of historical exploration data and academic literature.

EPM28528 was applied for as part of the Featherbed project. However, work on the wider Featherbed project (EPM 27850, EPM 27851 and EPM 27852) was completed and deemed unsuccessful before EPM 28528 was added to the tenure holding. As such only due diligence review work was completed on EPM 28528. From this review no new targets were identified and so the licence was relinquished along with the rest of the project area.

EPM 28528 was voluntarily relinquished in full on 23 July 2024.