Finniss Range Project, EL 24774, Annual report for the period 22 August 2009 to 21 August 2010

Abstract

In the 2009 - 2010 reporting period no field activities were undertaken. In 2008 Altura Exploration moved its exploration focus from the search from tantalum to assess the Finniss Range project area for lithium. Further desk top studies were undertaken looking at the historical data. In the later part of 2009 and early 2010 Altura Exploration underwent management and staff changes and the field work outlined for the current reporting period could not be effectively undertaken. Resources were allocated to other areas within the Finniss Range project area to meet with commitments. Surface geochemical sampling by Altura Exploration has identified weakly elevated tin and lithium geochemistry to the north of the Mt Finniss Mine. This near surface expression may indicate the presence of a mineralised pegmatite below shallow soil cover. The rock chip samples anomalous in Sn and Li need to be followed up with further rock chip sampling and outcrop mapping.