GR426 Annual Report EL 30498, EL 30499, EL 30500 and EL 30808, 13 May 2015 to 12 May 2016

Abstract

The four exploration licenses within the Lake Duggan Project area cover the northwestern faulted boundary of the Palaeoproterozoic McArthur (Birrindudu) Basin approximately 35 km south to southwest of Katherine. This area of the McArthur Basin has had very limited mineral exploration in the past and no minerals wells have been drilled within the exploration license areas to date. The most recent exploration in the region has been by petroleum exploration companies, with 2d seismic, full tensor gravity gradiometry data and a stratigraphic well being drilled in EL 30498. No on ground exploration activities were carried out during the reporting year. However, a regional review of the open file data, including magnetics, gravity and seismic and well data has been undertaken to help evaluate the base and precious metal and rare mineralisation potential across the exploration area.