Final and annual report on EL 25556 Waite Bore, Ngalia Project for the period 23 August 2007 to 8 May 2013

Abstract

During the term of EL 25556, historical exploration data were retrieved from NTGS repository. An assessment of previous data was undertaken along with interpretation of geological, geophysical and structural data. In addition a number of field visits were undertaken for ground-truthing and future planning. In 2010-2011, Thundelarra Exploration Ltd/Element 92 Pty Ltd participated in collaborative study of the Ngalia Basin covering the project area in order to understand basin architecture, utilising high resolution geophysics, geochemistry, sedimentology, mineralogy and petrology. In addition, the project area was flown by NT Government funded regional high resolution AEM survey (TEMPEST) and helicopter-assisted high precision gravity survey. Modeling of geological, geophysical and structural data of EL 25556 did not reveal well-defined palaeovalleys and paleochannels which could provide encouragement for drilling. As a result of that uranium potential of the project area was downgraded, and ultimately EL 25556 was surrendered on 8 May 2013.