EL 27927 Lander Yard, Annual technical report for the period 1 November 2011 to 31 October 2012

Abstract

The Lander Yard Project (EL 27927) is located approximately 230 km northwest of Alice Springs within the Arunta Region. The Nolans, Holsteins, Mount Mary, Blues' Folley and Mount Finnis rare earth element (REE) prospects are located in this part of the Northern Territory and potential exists to locate similar, new prospects within Central Australian Rare Earths Pty Ltd's (CARE's) exploration licences. During the second year of tenure open file magnetic and radiometric data were interpreted for major structures and possible radiogenic anomalies. With a majority of this tenement under alluvial cover, target selection primarily relying on radiometrics will have limited effectiveness. The following observations were made: The area is structurally very complex with the faults/shears interpreted representing only a fraction of the true complexity; A small gravity low may represent some covered intrusive; and a single uranium anomaly is noted for its relative tenor and isolation. Most of the radiometric anomalies defined by Core Geophysics are only going to be weakly discernible on the ground, and field follow up should be supplemented with rock chip/auger sampling.