EL 29096 and EL 29097 Annual and final report for the period 6 August 2012 to 2 January 2014 Alice Springs Project

Abstract

From the grant date to surrender no field activities were conducted over EL 29096 or EL 29097. The Proterozoic Amadeus Basin is dominated by sedimentary sequences which historically have been the target of petroleum and gas exploration as well as uranium exploration. NT Minerals Pty Ltd selected the project area with uranium as the primary focus and base-precious metals as a secondary focus. NT Minerals has conducted an extensive review of the historical data available over the area and discouraging findings led to the decision to drop the ground. The assessment conducted found that the level of uncertainty and risk in conducting the exploration program required was too high. NT Minerals Pty Ltd has instead chosen to focus on its other more prospective projects.