EL 22738 Final report for the period 15 January 2009 to 24 February 2014

Abstract

This report covers exploration activities carried out on the surrendered EL 22738. The licence was granted to Crossland Mines Pty Ltd in January 2009 and operated by Crossland Uranium Mines Limited which later became Crossland Strategic Metals Ltd. The tenement is located in the southern Daly River region, centred approximately 205 km south of Darwin and 150 km west northwest of Katherine. Work during the term of the EL included the following: Geological mapping and prospecting; Airborne and ground geophysics; Stream, soil and rock chip sampling; and RAB, aircore and diamond drilling. Over the last 12 months, due to the difficult financial climate that has been affecting the junior exploration industry in recent times, Crossland has been unable to acquire financial investment to enable it to continue its exploration on the EL 22738. The company has been continuing in its attempts to locate a joint venture partner to contribute to the costs on a project that, at its present advanced stage, requires a higher intensity and therefore more costly level of exploration. It was hoped further drilling could be completed to follow up vein-style, primary sulphide Pb-Zn-Cu-Ag mineralisation that was intersected in two diamond drill holes in 2011.