First annual report 21 July 2011 to 20 July 2012, EL 28503

Abstract

During the reporting period numerous meetings were held with the NLC and Traditional Owners regarding access to the McArthur project licences. A literature review of previous exploration within the licence boundaries was undertaken as part of initial exploration. Late in the reporting year a geophysical review identified that only regional data existed with the project area and more detailed data would be beneficial to ongoing exploration. It is planned that a HeliTEM survey be carried out over EL 28503. A geological reconnaissance and sampling trip is likely to take place to help determine the extent of the survey. Additional exploration will be based on the results of the HeliTEM survey. Mapping and sampling will be undertaken over any anomalies identified in the HeliTEM with followup ground EM and drilling based on target identification.