Annual technical report for EL 24804 Waite Creek Ngalia Regional Project period ending 15 April 2015

Abstract

During the reporting period 2014-2015, investigations into five main locations identified from the project review (last reporting period) were followed up on the ground. Field reconnaissance for Bigrlyi-style mineralisation on tenement EL 24804 revealed no surface mineralisation however reduced outcropping ECL along the northern margin of the tenement (location 4) is considered prospective for uranium mineralisation. Exploration efforts will shift to undercover sequences and possible redox fronts. The possibility of a significant surficial uranium deposit on EL 24804 has been downgraded and relinquishment of the southern part of the tenement is recommended.