Annual report Waite Bore Project EL 25556 for the period 23 August 2008 to 22 August 2009

Abstract

Location: The Waite Bore Project comprises Exploration License 25556. The tenement is located approximately 350km west-northwest of Alice Springs. Geology: The tenement is located on the north-western margin of the mainly Ngalia Basin, which is host to sandstone-type uranium deposits such as Bigrlyi. Work done: Exploration work during the reporting period comprised reconnaissance mapping and data compilation. Results: Reconnaissance mapping has confirmed additional occurrences of flat-lying, oxidised Mt Eclipse within License area. The mapping suggests that this unit is oxidised and flat-lying. Conclusions: The work program for the coming year will involve helicopter-assisted gravity surveying. The results will be integrated into Thundelarra's basin-wide uranium exploration efforts.