First annual technical report for the period 16 December 2005 to 15 December 2006

Abstract

This report summarises work completed on Exploration Licence 24646 for the period 16th December 2005 to 15th, December 2006. The project area is located approximately 250 km east of Alice Springs, on Numery Station. Work completed over the tenement area during the reporting period included interpretation and evaluation of previous exploration, collection and analysis of stream sediment samples and rock chip samples. Results indicate that significant areas of anomalous copper and zinc values are present. Rock samples collected during follow-up of a gossan sample have confirmed a new Cu / Zn mineral occurrence in an extensive gossan outcrop, developed over previously unmapped volcanics. Stream sediment samples also confirmed anomalous levels of Cu and Zn. Rock and stream sample results from the area collected over known ultramafic bodies, have not returned any significant Ni, Pt or Pd values and the potential for Nickel sulphides sourced from magmatic sulphides and hosted in mafic or ultramafic bodies is downgraded. Further work will include following up the Pipeline Gossan Cu / Zn occurrence with detailed soil sampling and rock chip sampling followed by surface geophysics (EM and or IP) and then drilling if targets are identified.