EL 28184 Annual report for the per iod 23 February 2011 to 15 February 2012

Abstract

Exploration work for phosphate mineralisation was carried out on EL 28184. The EL was deemed prospective due to similarities in the geology with that hosting recently discovered phosphate mineralisation in the Cambrian Georgina Basin of the Northern Territory. Work carried out during the reporting period included desk top studies, a historical data review and sampling of drill cuttings from 10 different water-bores held in the NTGS core library using a hand held XRF machine for a total of 309 individual samples. Sampling failed to identify potentially economical phosphate mineralisation, but the low level anomalism (peaking at 0.166 percent P in RN033259) is considered sufficiently encouraging to warrant a broad spaced RC-Aircore drilling program. RC Drilling scheduled for late 2011 had to be delayed until after the reporting period due to difficulties locating a suitable drilling contractor. A review of the previously completed exploration work on eleven exploration titles that impinge on EL 28184 and the adjacent EL 28185 has been completed. Most of the previous titles were taken out for the purpose of diamond exploration and without exception the only work done in the current title has been gravel sampling. Apart from water-bores no exploration drill-holes have ever been completed on EL 28184.