Group annual report for period ending 12 June 2012

Abstract

Three phases of work were done in the reporting period. The first phase in mid-2011 was in the Bleechmore Dykes area of EL25056. No indication of carbonatite, alkalic intrusives or of rare earth mineralization was found. The circular magnetic anomaly in this area was interpreted to be due to magnetite in mafic granulites. The second phase of work was done in the pegmatite dyke area of EL25055 in early 2012. No new large areas of pegmatites were found, although many small sills were mapped. Assays of samples of pegmatite were low grade in rare earths. The third phase of work in early 2012 was a brief field visit by a consultant structural geologist. His conclusions were not favourable as to the rare earth prospectivity of the ELs. NuPower is currently assessing whether any further work is warranted in this project area.