Year 3 Reduction report EL 27568 Ooratippra Project for the reporting period 3 March 2010 to 2 March 2013

Abstract

During year 3 CKA reduced EL 27568 by 24 blocks this report details exploration undertaken on the relinquished ground for the duration it was held. In 2010 the previous owner of the Ooratippra project ELs, NT Resources Ltd, applied for and was awarded a 'bringing forward discovery' geophysics collaboration with the NT Government for the Ooratippra project. A 1km spaced gravity survey was completed by NT Resources as set out in the collaboration. A total of 56 stations were taken within the relinquished ground. Although some of the 24 blocks relinquished were within an overall NW trending gravity high no significant residual gravity anomalies were identified. The large NW trending high was interpreted to be too large to be associated with IOCG mineralisation and also at a much deeper depth (1km) than other anomalies within the project group. The ground was subsequently relinquished in year 3 as part of a project wide reduction.