Annual Report on EL 23035 Goomadir Project for the period 19 June 2005 to 19 June 2006

Abstract

Goomadir River is a uranium exploration project area in northwest Arnhem Land, which is managed and operated by Cameco Australia Pty Ltd. The exploration activities carried out in the 2005-2006 reporting period were designed to provide a framework for future exploration. Due to granting of the tenement mid-year, Cameco were unable to arrange a work program meeting until late in the dry season and were thus unable to carry out any groundwork on the tenement during this reporting period. Cameco were, however, able to carry out a tenement-wide airborne radiometric-magnetic survey at 200 m line spacing. Numerous radiometric anomalies have been identified and will be ground checked in the following field season.