Final technical report for EL 23202 'Marqua', reporting period 29/11/2002 to 0908/2006

Abstract

Exploration License EL23202 (Marqua) is located within Elkedra Diamonds NL's Altjawarra Project Area. This report details all work carried out on the tenement up to 9th August 2006 by Elkedra Diamonds NL. In November 2005 the EL was reduced to a small area of 38 km2 adjacent to EL22531 to allow access to two diamond bulk sample sites on EL22531. No new mineral exploration activity was conducted on the reduced tenement in the period 29/11/05 to 9/08/06.The higher priority diamond-targeted anomalies within the relinquished area are considered to have been suitably tested. Although some encouraging results were received, these are of a low tenor with regards other target areas within the Altjawarra project and have downgraded the perceived exploration potential of this area in comparison with other areas. Results from the manganese exploration indicated that the volume of ore material was unlikely to be economic and no further exploration for manganese is warranted. Some base metal anomalism was identified in Neoproterozoic/Cambrian strata north of Red Heart Bore but no significant intersections were encountered in drill holes. No further work is proposed by Elkedra Diamonds NL and the entire remaining tenement is relinquished.