Annual Report for EL 23996, EL 23997, EL 23998, EL 23999, EL 24000, EL 24104 and EL 24105 for the period ended 9 September 2006

Abstract

The following report describes work completed on the Simpson tenement group (EL 23996, 23997, 23998, 23999, 24000, 24104 & 24105) of the Huckitta Project during the period 11 August 2005 to 10 August 2006. These tenements are centred about 270 km east-northeast of Alice Springs and 150 km southeast of Jervois, Northern Territory. Access is gained via the Plenty Highway, with a southern turnoff 5 km south of Jervois which passes through Atnetya Land (formerly Atula Station). The Huckitta project is a joint venture between BHP Billiton and Sumitomo Metal Mining Oceania Pty Ltd, where BHP Billiton is the manager of exploration work. The northern portion of the project area contains outcrop of the Strangways Metamorphic Complex, with the southern portion overlain by the Mesozoic Eromanga Basin. Exploration is focused on discovery of Iron Oxide Copper Gold (IOCG) mineralisation associated with the Proterozoic basement rocks beneath more recent cover.