Annual report for EL 26934 Darwin River, for the first year ending 6th November 2009

Abstract

During the first year of exploration Outback Metals examined the previous exploration reports in detail and carried out modelling of the existing airborne geophysical data. Further work was delayed until the results of the GA AEM Woolner survey became available in September 2009. The GA AEM data is presently being interpreted as to the presence of potentially mineralised conductors. The airborne radiometric data indicate that there may be potential for stratabound uranium mineralisation hosted by the Koolpin Formation. In addition the ironstones may have potential for gold mineralisation. A field review should be made of the JC and KC Iron Ore Prospect and where accessible, representative rock chip samples of Koolpin Formation outcrops should be taken and assayed by a comprehensive geochemical scheme. The mineral commodities considered by OUM were uranium, gold and base metals.