Annual report for the Crown Creek for the period ending 31 December 2009

Abstract

The open file study completed in year one demonstrated that there was some significant potential for uranium copper, tungsten, tin and tantalum in the area. During the reporting period Kastellco Geological Consultancy Ltd (KGC) conducted preliminary reconnaissance surveys before terminating their contract with Latrobe Magnesium Ltd. AJ Maynard and Associates have been requested to continue work for Latrobe Magnesium Ltd, albeit on a caretaker basis to review completed work and recommend future work until a suitable replacement can be found. Various U-Ta-W exploration targets have been identified by ASIS International Pty Ltd. The first order radiometric targets and illustrated require additional field reconnaissance surveys prior to the planning of detailed third year exploration programs. These radiometric targets, regarded to represent palaeochannel 'Yeelirrie' type deposits and need to be geochemically soil sampled with contemporaneous ground radiometric surveys.