The holder herewith surrenders EPM26692.

-During the second reporting period, the proposed exploration of the Permit Area commenced and also concluded.

-Satellite and Aerial surveying was carried out initially, followed up by on-ground surveys using 4x4 vehicles and motorcycles.

-Once prospective areas were delineated, a nine inch drilling rig was used to test the selected sites.

-The total number of nine inch diameter exploration holes drilled on the EP to date is 48 holes.

-The total feet drilled is 1680 feet, as per the drilling log.

-Test drilling revealed that the ground composition of most of the identified targets on the EPM area is unsuitable for the deposition of opal.

-Subsequently, test drilling was conclusive in that it did not identify any target areas of interest with suitable opal deposits, which would warrant further investigation.

-Therefore, the drilling program on the exploration permit area has been discontinued and concluded on the 26.07.2021.

-The nine inch auger drilling rig was the only machinery used to explore the area.

-All holes drilled have been backfilled automatically by the rig upon completion of each hole.

-Therefore there exists no need for ongoing rehabilitation of the sites drilled.

The holder herewith surrenders EPM 26692.