Year 2 Annual report EL 27568 Ooratippra project for the reporting period 3 March 2011 to 2 March 2012

Abstract

EL 27568 is part of the CKA Resources Pty Limited's (CKA) Ooratippra Project. CKA purchased the project in 2011 from Acacia Minerals Pty Limited, a wholly owned subsidiary of Equator Resources Limited. The transfer was approved by the department on 31 October 2012. The Ooratippra Project covers approximately 3,000 square kilometres straddling the Sandover Highway approximately 300 kilometres northeast of Alice Springs.During the reporting period analysis of significant gravity anomalies was carried out for the whole project by geophysical consultant Frank Lindeman of Lindeman Geophysics Pty Ltd and also an exploration assessment of the whole project completed by the author, a consultant exploration geologist. The work completed during the period has shown the tenement and the Ooratippra project to have significant potential for the discovery of IOCG style mineralisation beneath the Georgina Basin cover. Also significant potential exists within the cover sequences for Phosphate mineralisation and Mississippi style mineralisation. Further work is planned for year 3 with continued geophysical analysis of anomalies for drill targeting IOCG mineralisation. Infill gravity surveys are also proposed during year 3 for select anomalies within the project. Phosphate exploration is recommended with geochemical sampling and a small RAB program proposed.