Annual technical report EL 26072 2 April 2009 to 1 April 2010

Abstract

Principal commodities sought are uranium and diamonds. Past exploration has comprised heavy mineral sampling for kimberlitic indicator minerals and testing of magnetic and gravity anomalies for kimberlite pipes. Microdiamonds have been found in a portion of the area occupied by EL 26072, however Legend International Holdings (CR2008-0961) concluded they originated from kimberlitic source rock(s) of considerable distance to the south of the tenement. The Cambrian flood basalts juxtaposed with (outside EL) the western side of EL 26072 are considered prospective for Noril'sk-style Ni-Cu-PGE sulphide deposits and diamonds. Activities included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. Airphoto interpretation has identified geological and structural features for ground reconnaissance. During the term Diamantina Uranium Pty Ltd also negotiated the purchase of private company exploration reports.