Annual technical report for EL 25163 Mount Peterswald and EL 25166 Jenkins Bluff, Abminga Project for the period ending 15 November 2008

Abstract

The Abminga (NT) Project consists of two exploration licences, EL's 25163 and 25166. The Project is governed by the Eromanga Basin JV between Eromanga Uranium Limited and Maximus Resources Limited. The principal target for exploration is sedimentary uranium in palaeochannels within the Mesozoic Eromanga Basin. Eromanga Uranium has flown an airborne electromagnetic survey over the entire project area. Geological field reconnaissance during 2008 indicated that the extent of Mesozoic sedimentation on EL 25163 and EL 25166 is significantly more restricted than indicated on published maps. A review of the extent of Mesozoic sedimentation and subsequent re-interpretation of aerial EM data is in progress to determine whether proposed drilling of sedimentary uranium targets remains viable.