EL 27853 Annual and final report over the Litchfield North Uranium Project 8 July 2010 to 17 June 2014

Abstract

Work during this term included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. The targeting was undertaken at a high level to identify areas of interest that stand out in the regional re-interpreted geophysical data. Historical prospects were reviewed to determine the effectiveness of the previous exploration and evaluate remaining potential within the Exploration Licence area. Several magnetic and radiometric targets were identified which require further investigation by sourcing the depth of the magnetic anomalies with ground checks over the radiometric target areas as the interpreted geology indicates potential for delineating uranium-gold-base metal mineralisation. Based on the review, it was recommended the exploration licence area was to be relinquished upon very little to no mineral prospectivity. The geophysical targets were identified to be too conceptual in nature and the expenditure to test these on the ground was too expensive. The company will focus on more prospective areas within their other Northern Territory Exploration Licence areas.