Final report for EL 25162 Numery, Illogwa Project for the period ending 25 May 2009

Abstract

The Illogwa Project consisted of two exploration licences, EL's 25161 and 25162. The Project is governed by the Eromanga Basin Agreement between Eromanga Uranium Limited (ERO) and Maximus Resources Limited (MXR). The principal target for exploration was sedimentary uranium in palaeochannels within the Mesozoic Eromanga Basin. After reviewing the viability of treating EL 25162 as a stand-alone licence with a view to either undertaking the proposed airborne EM survey and subsequent drilling or surrendering the title a decision was made to surrender the tenement. Surrender of EL 25162 was registered on 25 May 2009.