Annual report on exploration activities, McArthur River project, for period 21 September 2008 to 20 September 2009

Abstract

Exploration activities during the reporting period consisted of review of the results of the previous year's exploration activities, the flying of an airborne electromagnetic survey (VTEM) in conjunction with Geoscience Australia, review of the preliminary data from this survey and the implementation of an exploration program to assess the prospectivity of anomalies defined. The VTEM survey was flown on east west flight lines on 250m spacing for a total of 981 flight line kilometres. The preliminary data from the electromagnetic survey defined two broad conductive zone uranium targets and a coincident EM conductor and magnetic anomaly (base metals target).