Annual and final report for EL 25716 the Peak Project for the period 6 September 2008 to 27 August 2009

Abstract

EL 25716 is centred ~ 140km ENE of Alice Springs in the Arunta Region. During the first year of tenure, previous exploration of the area was reviewed in detail and a field reconnaissance review was completed. EL 25716 (together with Cullen's adjoining EL 26142 - Yambla) was considered prospective for vein type and metasomatic type uranium mineralization. Cullen surrendered this tenement on 27th August 2009. No work carried out. During the year Cullen sought to farm out its interest due to the need to conserve funding. As no joint venture partner could be found, and due to a lowering of Cullen's general exploration expenditure, the tenement had to be surrendered.