Reduction report Year 1 (Non-Compulsory) EL 29464 Hodgson Downs for period ending 4 December 2013

Abstract

Hodgson Downs (EL 29464) is situated approximately 500km southeast of Darwin, the Northern Territory. Spectrum Rare Earths Limited (Spectrum) applied for EL 29464 to determine the HREE potential of the area. The first year non-compulsory reduction was undertaken 21 blocks retained and 102 blocks dropped. This report details exploration carried out by Spectrum on the year 1 relinquished ground for the duration that it was held. Work during Year 1 of tenure consisted of a review of both NTGS data, compilation of significant results from previous exploration reports and geophysical data review. The majority of previous exploration concentrated in locating diamonds (kimberlitic pipes). However, kimberlitic indicator minerals are assumed to be sourced from an area located a considerable distance outside the tenement. Exploration for shale hosted Zn-Pb-Ag deposits was also undertaken focusing mainly on the Velkerri Formation of the Roper Group, however the small number of anomalies recorded were considered insufficient to continue exploration. The most recent previous exploration report detailed a desk study undertaken for uranium deposits. Very little other historic data has been carried out for uranium deposits and there is no historic data for REE in the area.