EL 26073 Annual technical report 2 April 2008 to 1 April 2009

Abstract

The area encompassed by the EL 26073 is considered to have potential to host uranium and diamond mineralisation. This Technical Report covers work conducted on Exploration Licence 26073 during 2nd April 2008 1st April 2009. Past exploration has comprised heavy mineral sampling for kimberlitic indicator minerals and testing of magnetic and gravity anomalies for kimberlite pipes. Microdiamonds have been found in a portion of the area occupied by EL 26073, however Legend International Holdings (CR2008-0919) concluded they have originated from kimberlitic source rock(s) of considerable distance to the south of the tenement. Activities 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. Airphoto interpretation has identified geological and structural features for ground reconnaissance. During the term Diamantina Uranium Pty. Ltd. also negotiated the purchase of private company exploration reports.