Annual report year 1 exploration licence 25676 23 August 2007 to 22 August 2008

Abstract

This report includes work undertaken by both NADL and TEUL. Previous exploration has included an extensive search by various companies for kimberlites that has recovered significant numbers of chromites and diamonds in loam samples. No kimberlites have yet been discovered and the source of the chromites and diamonds has not been resolved. Work completed during the reporting period included a desktop review of available geological and geophysical datasets. The potential of the licence to host uranium mineralization was assessed as part of the Top End Uranium prospectus and subsequently by Jigsaw Geoscience Pty Ltd. No uranium or base metal targets were identified within the licence. A total of two loam samples and thirty-one soil geochemical samples were collected over a historic loam sample site that recovered five macrodiamonds.