First annual report for EL 25735 Old Mount Peake Project, 22 October 2007 to 21 October 2008

Abstract

EL25735 was granted to Jarra Resources Ltd on behalf of Aurium Resources Ltd (AGU) on 22nd October 2007. The EL consists of 316 sub-blocks of approximately 1010.00 square kilometres. Aurium Resources Limited is the operator of the licence. Exploration work conducted on the Old Mount Peake Project during the period ending 21st October 2008 included: Airborne Geophysics Survey by GPX; Geological Mapping Data compilation; and interpretation of Airborne geophysical anomalies. GPX Airborne Services completed a grid survey of airborne magnetics and radiometrics over the leases. This was completed at a line spacing of 100m and a flying height of 60m. A total of approximately 4,338 line kilometres was surveyed and results plotted at 1:25,000 scale. Maps illustrating contoured potassium, thorium, uranium and total radiometric counts as well as Digital Terrain Models (DTM), Total Magnetic Intensity (TMI), Reduced To Pole (RTP) and First Order Derivative (1VD) images were produced for analysis. The image data were modeled at several different shadow angles and in various combinations to allow interpretation of surface and sub-surface structures to be completed.