Annual report for the year ended 16 February 2008

Abstract

The Arunta Project is located approximately 250km NNW of Alice Springs in the Northern Territory. The North Arunta Province is dominated by a series of sulphidic Palaeoproterozoic sedimentary sequences intruded by granite plutons and mafic sills. Quaternary and Tertiary cover conceals large areas of bedrock in the area however the region has seen exploration for a variety of commodities including gold, base metals, iron ore, uranium and diamonds. Modern exploration in the project area includes a variety of exploration methods dominated by geophysics such as airborne magnetic, radiometric and GEOTEM surveys in conjunction with surface sampling and limited percussion drilling. No work has occurred on EL 23393 during the reporting period.