Annual geological report for EL 26966 and EL 27956 for the period ended May 2011

Abstract

EL 26966 and EL 27956 (Running Creek) are situated in the Robinson River and Calvert Hills 1:250,000 map sheets in the McArthur Basin's Wearyan Shelf. The area experiences a subtropical climate with the wet season occurring from November to March every year. During this time the area can be difficult to traverse by vehicle because tracks may become flooded. The area is accessible from the Carpentaria highway, which crosses through the SW corner of EL 26966. Phosphate Australia Limited pegged the tenements in late 2008 (EL 26966) and early 2010 (EL 27956) following a target analysis of the area using publicly available remotely sensed data. The ground was chosen because of its numerous Uranium channel radiometric anomalies in conjunction with potentially phosphate-bearing dolomites. EL 26966 was granted on 13/05/2009 and EL 27956 was granted on 1/12/2010. Both are 100% owned by Phosphate Australia Limited. Phosphate Australia has conducted an in-house review of all available open-file data pertaining to EL 26966 and EL 27956 delineating areas of potential phosphate and uranium mineralisation prior to conducting fieldwork. A reconnaissance helicopter-supported field mapping and geochemical sampling campaign was planned commencing early May 2011. The prolonged and extremely intense wet season prevented this field work being undertaken and at this stage it has been postponed. As a result Phosphate Australia has not conducted any on-ground exploration activity during the reporting period.