Roper Project EL 24655 First annual report 17 February 2006 to 16 February 2007

Abstract

Exploration Licences 24655 was granted to Mr. Geoff Fanning on the 17th February 2006. ERD Pty Ltd, a Darwin based resource sector company, is the designated Project Manager. The tenement covers approximately 130 sq km and abut and complement an existing large tenure holding (EL's 22480 and EL 24986 to form a collective but non contiguous Roper Project Area. Group reporting status was approved by the Department of Business, Industry and Resource Development (DBIRD). The Project Area overlies Roper Group stratigraphy in the Bauhinia Shelf tectonic element of the western McArthur Basin and envelopes extensively mapped eroded ilmenite-bearing source rocks with considerable potential for large tonnage 'insitu', eluvial, colluvial and downstream detrital heavy mineral (HM) accumulations. Titaniferous dolerite sills intrude Adelaidean Roper Group sediments at a number of exposed stratigraphic horizons. The dolerites have been subject to prolonged weathering and erosion during the Tertiary and Recent epochs through to modern day wet season cycles. Year 1 exploration activities incorporated office studies and helicopter supported field reconnaissance, with further analysis of recent airborne photography utilising the current databases of ERD to discriminate potential mineral wealth incorporated in the predominant dolerite sills.