Annual and final report for EL 25750, for period ending 1 November 2008

Abstract

EL 25750 was acquired to investigate airborne radiometric uranium anomalies within the Neoproterozoic Victoria Basin province. The work carried out on EL 25750 during the first 12 months included a review of geophysical data and a helicopter-assisted reconnaissance inspection of airborne radiometric anomalies. Reconnaissance ground inspection concluded the source of the radiometric anomalies is the contrast between green dolomitic shale of the Angalarii Siltstone unit exposed at the escarpment of the overlying Pinkerton Sandstone. Red Metal Limited consider no further work is warranted on the EL for assessing uranium potential.