Annual final report EL 27379, 13 January 2010 to 12 January 2012

Abstract

EL 27379 is part of a group of twelve (12) tenements comprising the Murphy Project in the northeastern part of the Northern Territory. Bondi Mining Limited was conducting exploration for unconformity and sedimentary hosted uranium mineralisation, analagous to the unconformity deposits of the East Alligator River Region (e.g. Jabiluka) of the Northern Territory, and the Westmoreland deposit in northwestern Queensland respectively. An environmental audit of drilling rehabilitation on the Murphy Project was completed during the 2011 field season, however no holes were drilled on EL 27379. On 6th October 2010 Fugro Airborne Services completed an Airborne Electo-Magnetic survey (AEM) comprising a total of 2,355 line kilometres covering the Murphy West area (1,478 line km at 500m spacing), the UC19 area (624 line km at 300m spacing) and the UC 17 survey (253 line km). A small portion of the Murphy West area (60 sq km out of 600 sq km) covered the south eastern section of EL 27379. Bondi decided to surrender EL 27379 in total as it focuses on targets with better potential for hosting economic mineralisation on it's other tenements.