Combined annual report EL 8823, EL 8994, EL 24541, EL 24989, EL 25427 and EL 25511 Rover Project 8 March 2008 to 7 March 2009

Abstract

This report covers exploration completed on the Rover Combined Reporting tenement group for the period 8 March 2008 to 7 March 2009. The Rover Project is located approximately 100km west-southwest of the Tennant Creek township, and includes a number of granted tenements and applications that fall within aboriginal freehold lands of the Karlantijpa South Land Trust and Karlantijpa North Land Trust. The project area is considered prospective for copper and gold and base metals mineralisation associated with Iron Oxide Copper Gold (IOCG) mineralising systems. Combined reporting status was granted by the Northern Territory Department of Regional Development, Primary Industries, Fisheries and Resources over six granted tenements forming a contiguous group within the Rover Project. These are ELs 8823, 8994, 24541, 24989, 25427 and 25511. EL 8994 hosts two advanced IOCG mineralised systems including the recent Explorer 108 Pb-Zn-Ag resource, and EL 24989/EL 24541 hosts copper-gold mineralisation at Rover 1. These occurrences demonstrate the high prospectivity of the Rover Project region. Exploration activities completed during the reporting period include: a detailed helimag survey over 6 magnetically anomalous zones identified by previous aeromagnetic surveys; completion of the detailed ground gravity surveys over the entire tenements area; diamond drilling of the Rover 1 prospect to better define the Cu-Au mineralisation; metallurgical testing of ore samples from the mineralisation at Explorer 108 (Pb-Zn) and Rover 1 (Cu-Au); and mineralogical thin/polished section investigations of ores from the Explorer 108 and Rover 1 mineralisations.