EL 27413, EL 27617 and EL 27618, Second annual report for Wave Hill, for the year ending 14 March 2012

Abstract

Work during the reporting period has included the interpretation of the ZTEM Airborne survey, FLTEM ground geophysics survey and interpretation over EL 27618. The QUT/Open University collaboration has been confirmed with the secondment of the volcanologist Dr Mike Widdowson to head the projects and the construction of a database to help identify further targets in the Northern Territory and a field trip to the Waterloo and Wave Hill Regions has been completed. Proto Resources considers the exploration across the Wave Hill group of ELs to be necessarily linked in order to generate meaningful targets for follow up work. This high risk exploration requires the development of a careful understanding of the Antrim Plateau Volcanics across a large area in order to generate potential targets, particularly given the depth of cover and formation hypotheses being pursued. It is still important to keep these ELs contiguous to support Mike Widdowson's (in association with the Open University/QUT) vulcanology work planned for the coming year which includes follow up of the current report on the Antrim Plateau Volcanics. Reassessment of these ELs by Proto may lead to the tenement being offered for Joint Venture to a prospective partner.