Annual report on EL 27364 Nellie Creek for the period 12 January 2010 to 11 January 2011

Abstract

EL 27364 is located in the central part of Pine Creek Orogen which is host to a number of mineral commodities such as gold, uranium, iron and base metals. Mineral potential of the tenement area is in accordance with Thundelarra Exploration strategy. During the reporting period, a desktop study was undertaken which suggests that these granite bodies may have some potential for uranium mineralisation. In addition, a magnetic/radiometric airborne survey was completed in August 2010 over some of the most prospective areas of the Allamber and Mary River Projects. The survey was designed to improve the company's understanding of the geology; including structures controlling on uranium mineralisation and to identify new uranium radiometric targets. Other duties included tenement administration, report writing and future planning for exploration program for the project area. In the next reporting period, ground truthing of the project area will be undertaken. Radiometric anomalies identified from airborne radiometric survey will be examined by ground-truthing. Project area will be mapped and samples will be collected for geochemical analyses. A minimum budget of $10000.00 has been allocated to this program.