Annual report for EL 26231 Unca Creek

Abstract

We advise that no significant on-ground exploration was conducted on the licence area during the past year. Despite this, Arafura did undertake limited on-ground reconnaissance of EL 26231 in March 2008. Our first exploration activities in EL 26231 were focussed on exploring for Fe-V mineralisation in outcropping Proterozoic rock units analogous to those in the adjacent EL 10215 and concentrated on an area that coincided with a broad magnetic anomaly recognised in the NTGS dataset in the northern and central parts of EL 26231. On-ground reconnaissance revealed/confirmed extensive areas of transported and wind-blown cover and a lack of Proterozoic surface outcrops in the target area. As a result, no rock-chip samples were able to be collected for assay. The absence of outcropping magnetite units were anticipated but this needed to be confirmed by ground reconnaissance. As per the proposed exploration program, it was decided that a detailed lowlevel airborne magnetic survey with specifications similar to that completed by Arafura over the adjacent EL 10215, should be acquired over EL 26231 to better define these magnetic anomalies and to enable target generation and exploration drilling to proceed. Unfortunately Arafura decided to postpone the acquisition of this detailed low-level airborne magnetic survey until a number of similar magnetic features were drill-tested and fully evaluated in the adjacent EL 10215.