EL 29397 Hale River Project Final and annual report for the year 13 March 2012 to 17 March 2014

Abstract

During the Year 2 reporting period, the work programme was restricted to office studies. All pertinent reports publicly available, were re-assessed and thoroughly analysed. The purpose of this work was to determine the likelihood that Purni Formation coal seams might sub-crop within EL 29397. In conclusion it was deemed that Purni Formation coal seams would not continue north from the Pedirka basin to EL 29397. In addition, the potential for metals and industrial minerals was considered and a review of historical reporting and drilling results was undertaken, but the prospectivity for discovering other economic resources was very low. Further work not justified on a risk/reward basis and on March 17, 2014, EL 29397 was relinquished.