Partial relinquishment report on EL 26181, May 2008 to 4 May 2010

Abstract

This report outlines exploration activities undertaken by North Australian Diamonds Limited on EL 26181 between the 5 May 2008 and 4 May 2010. On 18 September 2007 NADL granted Top End Uranium Limited (TEUL) the right of access to the land covered by EL 26181 for the purpose of exploring for, mining and processing minerals other than diamonds. EL 26181 is situated on Calvert Hills (SE53-08) 1:250,000 geological mapsheet and the Calvert Hills (6363) 1:100,000 topographic mapsheet in the Northern Territory. It is located around 120 kilometres south of Borroloola and is accessed via existing unsealed tracks leading west from Kiana Station. TEU commenced exploration for buried uranium mineralization Of the Westmorland style by way of a RadonX survey in 2009. This reconnaissance survey identified anomalous Radon responses associated with some of the targeted structures which were interpreted to intersect the underlying Seigal Volcanics/Westmoreland Conglomerate unconformity. Field work completed during the reporting period included the collection of 311 geochemical soil samples from areas identified by the RadonX survey.