Amadeus Uranium Project EL 24876 Annual report for year ending 17 April 2007

Abstract

During the reporting period Scimitar undertook a review of the available open file reports and historical data, acquired aeromagnetic and radiometric imagery. This data has been entered into the project data base. Two reconnaissance field trips were undertaken to assist in target generation. A Mining Management Plan is currently being completed for a planned Reverse Circulation (RC) drilling program. Two reconnaissance field trips were undertaken during mid to late 2006. The aim of these trips was to get an understanding of the general lie of the land, access and road conditions, geology and potential target areas which could host secondary uranium mineralisation. As part of a basin wide review of data and the creation of an electronic data base for the Amadeus Project, all the available open file historical reports were acquired from the NT government. The data from these reports has been entered into a data base, which references drill collar data with downhole information including geology, uranium assay results, oxidation states and radiometric data. Plans from the historical reports were scanned and geo-referenced in MapInfo. Collar positions in UTM coordinates were extracted from these plans so that the data could be used in modern GIS computing packages. Results from percussion and vacuum drilling targeting uranium were reviewed and incorporated into Scimitar's database. The compilation and geo-referencing of this data is continuing and is being used to target further exploration programs within the Amadeus Basin. Data sourced from Uranerz's vacuum drilling program was re-interpreted, utilising the new data in MapInfo and Micromine to accurately define the boundary between oxidised and reduced sediments in the tenement. From this work it appears that in a number of areas, packages of alternating reduced and oxidised sediments exist, which may provide a better locus for the formation of uranium mineralisation. An RC drilling program is being planned for mid 2007 which will target uranium mineralisation along this redox boundary within EL 24876.