Annual and final report for the period 30 March 2011 to 12 April 2013

Abstract

The Marqua Project in the Northern Territory is located 400km east of Alice Springs and 300km southwest of Mount Isa). The area is highly prospective for minerals, with known occurrences of phosphate, base metals and uranium. This report covers the surrendered EL 28276 from 30 March 2011 to 12 April 2013 the date the final surrender was effected. Previous exploration of the adjacent area EL 28275 has identified five phosphate prospects over a strike length of 30 km with outcrops grading up to 39.4% P2O5 along the phosphorus bearing Cambrian age Thorntonia Limestone. These prospects occur near the southern extent of the Georgina Basin, which is rapidly becoming Australia's major hard-rock phosphate province. After field mapping and prospecting, and finding the area not prospective for phosphate or base metal mineralisation, the remaining portion of EL 28276 was surrendered.