Annual report for EL 26776 Epenarra Project for the period 4 December 2008 to 3 December 2009

Abstract

The exploration license 26776 lies approximately 130km to the south-east of the township of Tennant Creek. The tenement consists of 39 blocks and covers an area of 125.58 square kilometres. The license was granted to Northern Uranium on the 4th December 2008 for a period of 6 years. Northern Uranium Limited is targeting Cambrian phosphorite deposits within the Georgina Basin. The Cambrian Gum Ridge Formation which has been interpreted to underlie the western portion of EL 26776 is considered to be a potential host for phosphate mineralization. Unfortunately due to difficult finance circumstances experienced worldwide it was not possible to complete the proposed mapping, sampling and drilling activities. It is anticipated that the proposed exploration activities will be undertaken in 2010.