Annual report for EL 9807 Mt Liebig and EL 9809 Papunya year ending 13 October 2007

Abstract

No on-ground work was conducted during the reporting period by the previous holder, Tanami Exploration NL (TENL) or, the current registered holder, Deep Yellow Ltd (DYL). DYL acquired the tenement from TENL and a transfer was registered on 5 December 2006. Work during the year has been limited to negotiating access to conduct uranium exploration under TENL's Mt Liebig Deed for Exploration with the Central Land Council. DYL has assessed the area as having potential for calcrete-hosted uranium mineralisation occurring as a sinuous sheetlike body at 5 to 20 metres below surface within paleodrainages and/or roll from uranium mineralisation associated with deeper channel development.