Epenarra Project, Annual report for the period 6 February 2009 to 5 February 2010, EL 26818

Abstract

The exploration license 26818 lies approximately 130km to the south-east of the township of Tennant Creek. The tenement consists of 432 blocks and covers an area of 1364.1 square kilometers. The license was granted to Northern Uranium on the 6 March 2009 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 26818 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.