EL 27026 Annual report 3 September 2009 to 2 September 2010

Abstract

In the latter part of October 2010 EL 27026 was purchased by Fertoz Pty Ltd from the previous titleholders FSL World Holdings Pty Ltd. The Exploration Licence consists of 497 graticular blocks, (1640 km2) located in the Roper River Region of the Northern Territory. The licence was applied for to search for phosphate deposits located in the eastern Carpentaria Basin. The Exploration Licence covers the basin margin between the Carpentaria and McArthur basins. Office work in the first year of tenure consisted of desktop surveys. The acquisition of data to help elucidate the geological environment of the licence area will continue in the second year with the proposed acquisition of public data relating to the magnetics of the area to help define basement structure.