EL 27542 Final technical report for the Arunta Project

Abstract

USI NT Ltd (USI) was originally granted EL 27542 in March 2010 and EL 27371 in December 2009. Group reporting was granted in Dec 2011 (GR233). The project is located in the southern region of the Northern Territory, approximately 150km west of Alice Springs. The tenements are collectively referred to as the Arunta project. EL 27542 was visited during early May 2011. One new magnesium occurrence was identified (Snow White). Due to Crossland Strategic Metals' (Crossland) recent success for REE mineralisation north and northeast of USI, the Crossland REE model of alluvial mineralisation was applied to EL 27542. USI's tenement showed promise and a stream sediment program was carried out in 2014 and again in 2015. Significantly elevated REE and Au mineralisation was identified in several samples. A relatively high percentage of USI's REE's are the highly sought after HREE's. The results of the gold analysis identified several elevated Au samples with a high of 886ppb. Several clusters of elevated Au values have been identified and they may represent potential gold targets. A considerable amount of follow-up work is recommended including, additional stream sediment samples to the east of the 2015 samples, auger drilling program to test the subsurface for REE mineralisation, mineral analysis to identify the types and relative amounts of the minerals containing the REE's, field mapping of Au clusters to identify any surface mineralisation and/or structures related to mineralisation, and soil sampling for Au to further define areas of interest. USI have decided to relinquish their Arunta project due to the declining price of REE's and the increasing expenditure requirements to hold the project in good standing with the NTGS.