Bridging tenement report for the period 29 July 2011 to 14 March 2012 for EL 27805

Abstract

USI NT Ltd (USI) was originally granted EL 805 in July 2010. The tenement is located in the Amadeus Basin region in the Northern Territory. The tenement is part of a group of five tenements collectively referred to as the Amadeus project. All five tenements have now been accepted for group reporting status (GR234/11), therefore the reporting period has been reset to begin on the 15th March. This bridging report contains information of any activity occurring between the end of the original reporting period and the beginning of the new group one for EL 27805. EL 27805 was visited in November of 2011 to supervise a ground gravity survey and collect rock samples. An exploration strategy including an integrated geophysical interpretation, field mapping, sample collection, ground geophysics and drilling has been developed for the 2012 field season.