Roper Project EL 24986 first annual report for the period 05-08-2006 to 04-08-2007

Abstract

Exploration Licences 24986 was granted to Mr. Geoff Fanning on the 04th August 2007. ERD Pty Ltd, a Darwin based resource sector company, is the designated Project Manager. The tenement covers approximately 136 sq km or 41 sub blocks and abut and complement an existing large tenure holding of EL's 22480 and EL 24655 to form a collective but non contiguous Roper Project Area. Group reporting status was approved by the Department of Business, Industry & 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 and DPIFM to discriminate potential mineral wealth incorporated in the predominant dolerite sills. No direct field work was undertaken on the tenement during tenure Year 1. A comprehensive geological and data review resulted in further identification and regime localisation proximity of insitu heavy mineral accumulations. The majority of effort has been to identify the potential of this tenement with recently acquired digital aerial photography with analysis against current ERD databases. This information, when coupled with the current inferred resource discriminated within the lower portion of EL 22480 and which appears to flow into EL 24655 indicate that a large resource may be available for exploration within the entire tenement. Further field proofing is required before drilling to fully understand the results. Following the field data proofing a moderate drilling and/or trenching program will be required.