Annual report for EL 24571 Ngalia Project for the period 7 December 2008 to 6 Decemebr 2009

Abstract

The Ngalia project is located 365km west-northwest of Alice Springs in the Northern Territory. The project area covers 74 blocks (210 km(2)) and was explored during the 1970's for uranium. This report details exploration activities undertaken by Royal Resources Limited ('Royal') following the signing of a farm in Joint Venture Agreement with Aldershot Resources Ltd ('Aldershot'). This report covers the activities undertaken in the tenement's fourth year of term, 7 December 2008 to 6 December 2009. Activities completed during the reporting period include the transference of the Aldershot data to Royal and development of a database and GIS compilation of all historic work. A submission was put to the DRDPIFR for co-funding of a drilling program over the Waite Thrust which was successful. The data from the airborne magnetic survey flown by Aldershot in 2006 was reprocessed to delineate critical areas for checking and improve the photo interpretation in preparation for field activities. Field activities could not commence as the CLC withdrew the permission initially given on behalf of the traditional owners for the proposed exploration. An Exploration Agreement was required before negotiations could recommence. This was finalised with the CLC during 2009 and signed by all parties but too late for field work and heritage clearances to be completed during 2009.