EL 25694 Central Mount Tenement Annual report 20 August 2012 to 19 August 2013

Abstract

Terra Search Pty Ltd reviewed the previous work completed and proposed plans for further drilling for Tianda Uranium (Australia) Pty Ltd (Tianda) in their Central Mount tenement, EL 25694. Although the Bragg Prospect drilling programme failed to identify economic Uranium. Tianda plan to continue their exploration work on Central Mount with a future drill program. Future Uranium exploration in the area will concentrate on the drainage in the north and east of the tenement which provides potential for further drilling to locate uranium accumulation. The geology in this area is dominated by a granitic gneiss, possessing biotite-rich bands that are variously elevated in uranium. The geology and geomorphology possess potential for paleochannel uranium deposits with the granites and granitic gneiss as potential source for uranium. An airborne EM survey to identify the most prospective zones has been proposed and the benefits of such a programme are currently in the process of being assessed.