Annual combined report on EL 24879, EL 24928, EL 24929 Ngalia project for the period ending 21 September 2011

Abstract

During the reporting period, a detailed and collaborative study of the Ngalia Basin covering the project area was undertaken in order to understand basin architecture, utilising high resolution geophysics, geochemistry, sedimentology, mineralogy and petrology. This research program has added much to our understanding of uranium mineral system which will help to devise better exploration strategies. Under the Bringing Forward Discovery Initiative Program, a grant received from NT Geological Survey was utilised to fly AEM geophysical survey (TEMPEST) in the Ngalia Basin, covering the project area. In addition, a gravity survey in part of the project area was also undertaken. A number of field visits were also undertaken for ground-truthing. In the next reporting period, all data will be interpreted integrated and exploration targets will be defined. It is expected that drilling campaign will commence in the project and samples will be retrieved for assaying. In addition, subsurface geological map of the project area will be prepared in order to work out stratigraphic horizons for uranium mineralisation.