Annual exploration report for EL 24884 'Batchelor', period ending 19 January 2007

Abstract

EL 24884 is SE of Batchelor township. Territory Uranium Company Pty Ltd is exploring for uranium, and applied for EL 24884 due to its proximity to Rum Jungle U mineral occurrences. Work during Year 1 of tenure consisted of a review of both NTGS work, and compilation of significant results from Industry reports. Geochemical data was georeferenced in MapInfo to outline areas of identified anomalies. A coincident U soil and track etch anomaly is present on the NE boundary of EL 24884. The Licence appears to have been well explored for uranium during the 1970's and early 1980's, particularly on the southern blocks. This exploration shows little encouragement for U mineralisation in the southern blocks but a couple of untested anomalies appear in the northern blocks. Field reconnaissance during the year consisted of 4 rock chip samples, which returned results not considered anomalous. Work during Year 2 will focus on a reconnaissance visit of the northern blocks, plus examination of geophysics to identify any additional areas of anomalism.