EL 24471 Explorer Project Annual and final report for the period 16 August 2005 to 15 August 2014

Abstract

The EL is considered to be prospective for gold and copper mineralisation associated with ironstones similar to that found in the Tennant Creek goldfield. WDR took over management of the project in 2008. No exploration work was conducted over the final reporting period due to WDR's business focus on developing its iron ore operations, combined with disappointing results on the project to date. The decision to relinquish the lease came when it was clear there would be no further funding to explore due to the difficult and costly exploration for Tennant Creek style targets - especially under cover. It is nonetheless believed that the area has high potential for discovery, but success will take some persistence which is not afforded to WDR at present. Exploration has included gravity surveying, an aerial em survey, surface geochemical sampling and RC and diamond drilling.