Annual report EL 26975, 23 July 2009 to 22 July 2010

Abstract

In the latter part of October 2010 EL 26975 was purchased by Fertoz Pty Ltd from the previous titleholders FSL World Holdings Pty Ltd. The EL consists of 265 graticular blocks, (860km2) located in the Barrow Creek Region of the Northern Territory. The area of interest occurs within and adjacent to the boundary of the Georgina Basin and the new titleholders consider the licence area to be favourable for the discovery of phosphate deposits of a similar nature to that found to the east of this locality. The Arthur Creek Formation is the target rock unit in this locality as it represents the calcareous unit deposited in the Cambrian. This Formation has a lower anaerobic limestone and an upper aerobic limestone which represents near shore conditions. This aerobic limestone unit is fossiliferous with phosphatic occurrences throughout the region. The presence of high grade igneous and metamorphic rocks in this area of the Aileron Province which have given rise to pegmatite intrusions make the area prospective for Rare Earth Elements (REE).