During licence Year 12, a portion of EL 4935 Yednalue totalling 20 square km or ~26.7% of its former area has been relinquished due to the chance of discovery there of gold and base metals by a small, self-funded explorer becoming seen as cost-prohibitive under the revised administrative setup recently imposed. No work was done on the relinquished portions during the past 21 months. The reasons for this cessation of activity are explained in the report summary section. Prior to this time, activities undertaken on the subject ground included geological mapping, rock chip sampling, stream sediment sampling, geophysical data modelling, the acquisition of ground gravity and airborne helimag surveys, and limited exploratory RAB/aircore drilling. Descriptions of this past work and the resulting data have previously been released by the licensee in mid-2012 and are held separately (see Env 9580).