Final report on EL 24391

Abstract

EL 24391 was granted on 2 December 2005, and is held on the basis of a discrete second order uranium channel radiometric anomaly and iron enrichment at surface, and was originally targeted for both iron and uranium prospectivity. The potential mineralisation styles include sandstone-hosted and unconformity uranium. Orion Exploration's work on the whole tenement, as shown in the attached summary plan, has been restricted to open file data analysis, a number of reconnaissance visits by different personnel, reconnaissance radiometric surveying, and targeting. The reconnaissance radiometric surveying in the area of the second order radiometric anomaly in the southeast corner of the tenement proved the link between low level radiometric anomalism and ferruginous induration. It was interpreted that the material indurated was Gerowie Tuff, of the South Alligator Group. Consultant geologists with extensive tropical NT experience advised that such surficial enrichments were not uncommon, and the experience of more extensive testing of similar occurrences suggested that without significant additional indicators of prospectivity that anomalies associated with these features generally did not warrant drill testing.