EL 25165 Swim Creek Project Annual report for the period 7 November 2008 to 6 November 2009

Abstract

During Year 3, an AEM Survey was flown by Fugro Geophysics in association with Geoscience Australia (GA). After many delays, the initial survey data was received in May 2009. This was later processed and interpreted. Drill targets were chosen using these conductors, their potential host stratigraphy, proximity to surface uranium anomalies and accessibility. Drill follow up to test these litho-structural targets by Reverse Circulation drilling will be done at the peak of the next dry season in year 4 when access is to the flood plains is available.