Annual technical report EL 26900 Manbulloo-Daly Basin, for the period 14 May 2011 to 13 May 2012

Abstract

During the reporting period the following work was carried out: Review of regional radiometric, magnetic, landsat and mineral data; Geological review; Field reconnaissance; 15 in field Niton XRF readings taken from rock outcrops; 3 rock samples submitted to laboratory for multi-element analysis; and Lithological description of 3 rock samples. Lithologies of rock samples collected in the field were described generally as limestone, with all samples KS2 to KS4 interpreted as Jinduckin Formation. Rock chip assays for tenement EL26900 were unremarkable, with none of the returned assays elevated in any elements to significant levels. Niton field assays returned a marginally anomalous Sn value of 851ppm for sample Ks3c and a Zn value of 123ppm for sample Ks3d, a K value of 2.84% for sample Ks3j and sample Ks3g returned a Nb value of 1703ppm. Access into the tenement was limited due to wet ground conditions and sample locations were restricted to the southwest of the tenement. Contingent upon overall project assessment of the phosphate potential of the tenement to be carried out over the coming weeks, activities for the next 12 months might include a comprehensive rock chip sampling and assaying over areas not yet sampled (due to wet access conditions).