Yambarra

NADL has entered into a farm-in agreement with Rio Tinto to earn 100% interest in tenements with a total project area of 7,500sq km².  The project area is located within the Daly River/Port Keats Aboriginal Reserve, approximately 150km south west of Darwin. The project covers thirteen separate tenements of which eight are granted and available for immediate exploration. Rio Tinto has undertaken limited reconnaissance exploration samples over a portion of the tenements. Some microdiamonds were recovered along with chromites. The tenements are located on the same regional structure on which the world class Argyle diamond mine is situated. These tenements are considered to be prime targets for a number of commodities, including uranium, base metals and diamonds.