Annual report for the period ending 12th December 2005

Abstract

This annual report describes the work carried out in EL 10060, near Kulgera during the period ending 12 December 2005. Exploration work consisted of; further detailed review and evaluation of the mineral potential of EL 10060 including magnetics, gravity and radiometrics interpretation and depth to basement assessment; planning and preparation of a surface lag sampling program for base metals and gold to test various identified anomalies; submission of the proposed work program to the Central Land Council to gain clearances before ground work could be carried out; completion of field consultation and clearances by the CLC; commencement of further processing of magnetics data to provide depth-to-basement estimates to fine tune exploration planning. Magnetics interpretation showed that the western and central portions of EL 10060, under younger cover, has a linear magnetic signature, quite different from the subcrop/outcrop in the east and east of the area, which is dominated by intrusions of the non-prospective Proterozoic Kulgera Suite. Nickel, copper and chromium occurrences to the south of EL10060 in South Australia, held under title mostly by Rio Tinto, are associated with major north-trending structures. These structures are interpreted from gravity and magnetics data to trend into the central portion of EL10060. Due to delays in completion of the field consultation and clearances by the CLC, the proposed program of surface lag sampling has been postponed to commence early in 2006.