Annual report for EL 25713 Wingate Mountains South for the second year ending 4 September 2009

Abstract

During the second year of exploration Outback Metals examined the previous exploration reports in more detail and carried out modelling of the existing airborne geophysical data. A brief helicopter reconnaissance was done in conjunction with work on adjoining EL 10140. Further work was delayed until the results of the GA AEM survey became available in September. Preliminary interpretation of the GA AEM data indicates the presence of a possible sedimentary basin in the eastern retained portion of the EL and this may have potential for sandstone hosted uranium mineralisation. In the first instance the interpretation of the AEM data needs to be completed and the sedimentary basin model verified. Following that a detailed airborne geophysical survey with ground follow-up should be carried out and potential targets investigated by drilling. The western, relinquished portion of the EL is considered to have no immediate exploration potential.