Final report for EL 28697 Saltbush, Ngalia North Project, for the period 5 December 2011 to 14 December 2012

Abstract

During the year under review, a desktop study of the project area was undertaken. This exercise involved obtaining previous geological, geochemical and geophysical data from the Northern Territory Geological Survey. Geological, geophysical and geochemical data were captured into GIS system and geophysical data were re-processed and interpreted. In the regional interpretation of EL 28681 three geophysical datasets were considered. These are regional radiometric (U, Th, K and U2/Th), regional magnetics (TMI, 1VD) and regional gravity (TDR). An initial review of all these data indicated some potential for the presence of significant sediment accumulations in a deep, narrow basement incision directly adjacent known source granites along the northern edge of the title. Analysis of the westward continuation of this feature in EL28186 indicated that detailed gravity profiling and follow-up drilling, probably using mud rotary method, would then be required to confirm the presence of these features. However, due to the poor global market for uranium, and a Company-wide consolidation of holdings, the title was relinquished in December 2012.