Annual report for the period 25 May 2015 to 24 May 2016 EL 27686 Kombolgie 3 West Arnhem Land

Abstract

Rio Tinto Exploration Pty Ltd applied for EL 27686 (the tenement) on the 5th of October 2009, the tenement was granted on the 25th of May 2015. The tenement was taken out to explore for unconformity hosted uranium; it is believed to be prospective for the following reasons: Its position in the competitive Alligator Rivers uranium prime terrene; Limited previous exploration due to difficult access conditions; Prospective geology of the Middle Proterozoic Kombolgie Sub Group covering the tenement preserving the unconformity; Proximity to regional faults which may control mineralisation. During the reporting period two land access meetings, a detailed desktop prospectivity study and work program planning took place. The desktop study consisted of reviewing historic exploration activity including the geochemistry, regional magnetic, electromagnetic, radiometric and ASTER data. A work program was planned focussing on confirming historic geochemical anomalies and further geochemical surveying and mapping of the tenement. No field work was completed during the reporting period due to there being no road access into the tenement and insufficient budget for a helicopter supported program at this time.