Annual technical report for the period 26 February 2010 to 25 February 2011

Abstract

The West Arnhem Land region in the Northern Territory is well known for unconformity-related uranium mineralisation such as the Ranger and Jabiluka Deposits. The economic success of this mineralisation style has meant unconformity-related uranium has remained the focus of exploration in the region, however, the depths to the unconformity and prospective basement sequences in some areas such as the Headwaters region have been too restrictive. A review of the exploration potential of the Headwaters Project identified geological environments that hold similarities for significant near surface Westmoreland-style uranium and Coronation Hill-style gold-platinum-palladiumuranium mineralisation. Exploration during the first year of tenure for EL 24711, EL 24712 and EL 24713 consist predominately of regional targeting investigations. Desktop geochemical and structural analysis studies, mineral alteration and spectral interpretation of Landsat ETM+7 and ASTER satellite data to assist in prioritising targets and an airborne magnetic-radiometric survey of 8298.6 line km in the south-eastern part of EL 24713.