Year 3 Reduction report EL 27526 Ooratippra Project for the reporting period 3 March 2010 to 2 March 2012

Abstract

During year 3 CKA reduced EL 27526 by 229 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 743 stations were taken within the relinquished ground. Anomalies E,C,J,G and O were identified. Only Anomaly O warranted follow up work. In 2012 CKA completed (using Atlas Geophysics) a 400m infill gravity grid (156 stations) over Anomaly O which was entirely within the relinquished ground, results showed this anomaly to be part of a more regional gravity high and unlikely to be a prospective target. Also CKA completed a 200m infill gravity survey (using Atlas Geophysics) at one of the prominent targets from the 1km survey; Anomaly B. Only 33 stations on the edges of the survey were within the relinquished ground. Based on the results of the 1km gravity survey and the follow up detailed gravity surveys CKA has not located any significant residual gravity anomalies that warrant further work and are of drillable depth within the 229 blocks. The ground has been relinquished during year 3 as part of a project wide reduction.