Annual and final report EL 28625 Ngalia Basin, for the period 26 October 2011 to 30 November 2012

Abstract

The main activities during the reporting period have been reconnaissance field visits, a review of historical exploration data, annual reporting and tenement administration. A number of field visits were undertaken for ground-truthing in order to understand mineral potential of the project area. An important part of the exploration activities was to acquire historical exploration data. In addition, a detailed analyses of available geophysical data (radiometric, magnetic and gravity) was undertaken, which downgraded the potential of the project area. A review of the regional geological, geophysical, and open-file geochemical datasets has significantly down-graded this title in terms of its prospectivity for channel-hosted uranium mineralisation, the primary target of the Ngalia Projects. Based on these findings, and on a company-wide consolidation of titles, EL 28625 was surrendered on 25 October 2012.