Final report on SEL 24769 Marqua 9 August 2006 to 8 August 2010

Abstract

Tenement SEL 24769 is located approximately 360 km (500 km by road) east of Alice Springs, in the Northern Territory, with good road access via the Plenty Highway and a network of established minor roads and station tracks. The tenement was originally held by Elkedra Diamonds NL (Elkedra), and was transferred to Uramet Minerals Limited (Uramet) during the 2007 season and covers an area of 971 km2. Uramet is exploring the area for base metals and phosphate. This report details exploration work carried out by Uramet and Elkedra within SEL 24769 since the grant of the tenement in August 2006. Work undertaken consisted of a helicopter-borne electromagnetic (VTEM) survey, regional reconnaissance work including mapping and surface geochemistry, and aircore, RC, and diamond drilling. Uramet considers that the base metals and phosphate targets have been adequately tested within the tenement, with no further work recommended. Hence the surrender of the tenement.