Final report on EL 24454 Pulpit, from 15 June 2005 to 11 June 2010 Huckitta Project

Abstract

The Huckitta project is situated approximately 200 kilometres northeast of Alice Springs in the Northern Arunta block of the North Australian Craton. The project consisted of EL 24454 Pulpit and EL 22924 Delny. On 13 April 2007, EL 24454 Pulpit along with EL 22924 Delny, was incorporated into a new joint venture arrangement between Tanami Exploration NL (TENL) and Mithril Resources Limited (Mithril). Mithril activities were focused on exploration for nickel. In December 2009, ABM Resources NL (ABM) purchased EL 24454 Pulpit from TENL. Mithril withdrew from the joint venture on 31 March 2010. After a review EL 24454 was finally surrendered on 11 June 2010. This report describes exploration carried out by TENL, Mithril and ABM in the period from 15 June 2005 to 11 June 2010. Over the five years of tenure exploration was only completed by TENL and by Mithrill. In the last year of tenure no on ground exploration took place neither by ABM nor by Mithril due to the change of owner ship. Exploration over the five year period of tenure included a geological re-interpretation, reconnaissance, surface sampling and a regional helicopter borne geophysical survey. The versatile time domain electromagnetic system ('VTEM') helicopter survey covered two areas and the data generated 21 target zones of various magnitudes. A field inspection of the targets revealed that most are under a thin transported sediment cover so the source of the magnetic anomaly remained untested. The rock chip samples showed no anomalous assay values including nickel (peaking at 27.8 ppm). The assay results of the lag samples returned slightly anomalous nickel values peaking at 282ppm and 7340ppm Chrome ( from a duplicate of the sample T011, which returned 65.3ppm Ni and 619ppm Cr respectively from white silcrete sample material at a Waite Creek location). The surface sampling results were overall disappointing.