EL25338 Burt Plain, Annual and final report for period ending 2 January 2013

Abstract

The tenement is located about 40km north of Alice Springs in the southern part of the Northern Territory. EL 25338 was granted to A W Mackie on 8th January 2007. The licence was purchased by WDR Base Metals Pty Ltd, a wholly owned subsidiary of Western Desert Resources Ltd, on May 2nd 2007. Western Desert Resources Ltd entered into a joint venture agreement with NuPower Resources Ltd (note change of name to Central Australian Phosphate Ltd on 31 January 2013) for energy minerals over this tenement in February 2008. This was re-negotiated to include all metals on February 1st 2011. The tenement is located within the Arunta Block of Palaeoproterozoic to Mesoproterozoic age. The project area is underlain by high-grade metamorphic rocks of the Strangways Metamorphic Complex, which forms part of the Central Province of the Arunta Block. Previous exploration by Western Desert Resources, and Central Australian Phosphate, has included gravity surveys, an IP survey, a five hole diamond drilling programme, petrological investigation of the drill core from previous drilling programme, assay of the samples for platinoids, bore water and stream sediment sampling. Several other geophysical surveys including airborne EM and ground magnetics were also completed. No on-ground exploration work has been carried out over the Burt Plain tenement during the current year. The only work done in 2012 was some re-evaluation of previous results and of the prospectivity of the tenement. As a result of this, it was decided by Central Australian Phosphate to withdraw from the joint venture and it was further decided to relinquish the tenement.