Annual report for EL 23474 Barrow Creek Project for the year ending 30 October 2009

Abstract

The Barrow Creek Project, Exploration Licence 23474, lies 20 km north of Barrow Creek in the central Northern Territory. The lease area is mostly covered by Cainozoic sediments but includes some small-scale abandoned tin-tantalite workings. Similar workings extend to the south where they appear to be hosted by the early-mid Proterozoic Bullion Schist metasediments of the Arunta Inlier. The mineralization is predominantly pegmatite-related. The tantalite mineralisation within the lease area contains high-grade material. Vivter Pty Ltd considers the area to have the potential to host an economic tantalite resource. A substantial amount of work was conducted over the previous three years by joint venture partner Australian Tantalum Pty Ltd, a wholly-owned subsidiary of Haddington Resources Limited. This joint venture was terminated by Haddington Resources, halfway through the current reporting period, due to budgetary cutbacks in the current economic environment. Vivter has commenced discussions with other prospective partners to manage further exploration.