Annual technical report for EL 26928, for the period 30 July 2009 to 29 July 2010

Abstract

This report details exploration and project activities completed during 2009-2010 on EL 26928 after its first year of grant. The tenement is located on the southern edge of the Georgina Basin, a large Late Proterozoic to Palaeozoic sedimentary intracratonic basin, covering a large part of eastern Northern Territory and extending into northwest Queensland. The tenure was acquired for its potential to host rock phosphate and uranium and base metal mineralisation. The company completed the following activities on the tenements during 2009-10; Acquisition of Open File Historical Company Reports, Geophysical compilation, processing and target generation by geophysical consultants and Rock Phosphate market research into the supply and demand metrics.