Combined annual and final report for period ending 1 September 2010

Abstract

During the first year of the Licence, the work was restricted to a study of open files available at the Northern Territories Department of Mines & Energy. The open file study demonstrated that there was some significant potential for uranium copper, tungsten, tin and tantalum in the area. In July 2008 Kastellco Geological Consultancy Ltd (KGC) was contracted by Latrobe Magnesium Ltd to conduct a desktop study over the area and to make recommendations on a follow-up exploration programme for the following year. During the month of August 2008, a review of re-processed and re-interpretation of magnetic and radiometric data from the Northern Territory Geological Survey Database was undertaken. The geophysical images were processed by Asis International Pty Ltd for use in identifying exploration targets for uranium, base metals, tungsten and tantalum. Several first-order and second-order radiometric targets were identified in conjunction with regional magnetic areas which had not been previously examined by historical field programmes. Historical regional data was also reviewed to determine the effectiveness of previous exploration and evaluate remaining potential.