EL 26915 Annual report 8 April 2010 to 7 April 2011

Abstract

In the latter part of October 2010 EL 26915 was purchased by Fertoz Pty Ltd from the previous titleholders FSL World Holdings Pty Ltd. The EL consists of 236 graticular blocks, (800km2) located in the Barrow Creek Region of the Northern Territory. The area of interest occurs within and adjacent to the boundary of the Georgina Basin and the new titleholders consider the licence area to be favourable for the discovery of phosphate deposits of a similar nature to that found to the east of this locality. The Arthur Creek Formation is the target rock unit in this locality as it represents the calcareous unit deposited in the Cambrian. This Formation has a lower anaerobic limestone and an upper aerobic limestone which represents near shore conditions. This aerobic limestone unit is fossiliferous, with phosphatic occurrences throughout the region. EL 26915 is located immediately to the west of the EL hosting the recently located Barrow 1 phosphate prospect of Rum Jungle Resources. There was little field work done on the licence in the second year of tenure. Fertoz began actively working on this and other licences in 2011. There was a field trip undertaken in late March/early April 2011 in which contact was made with the manager at Ammaroo Station. Access to the licence from the west (Murray Downs) was blocked by flooding and access from the east (Ammaroo) was blocked by a large flooded swamp. A second field trip was undertaken in late April/early May where contact was made with the manager at Murray Downs Station and access gained to the northern part of the EL. Access to the southern part of the licence was blocked by the same swamp that had restricted access the month before.