Roper Project EL 24986 Third annual report for period 5 August 2008 to 4 August 2009

Abstract

EL 24986 was granted on 4th August 2006 to Exploration and Resource Development Pty Ltd (ERD), a Darwin based resource sector company for a period of six years. On February 5th 2009 ERD changed its name to Australian Ilmenite Resources Pty Ltd (AIR). The license area of 41 sub-blocks was originally applied for to target known heavy mineral deposits, potential uranium anomalies as well as the iron ore potential in the easterly portion of the EL and the assessment of the diamond prospectivity of the area. This report details all exploration activity carried out over the tenement. Diamond exploration included an assessment of previous efforts by various companies against the Departmental diamond database. Heavy Mineral Exploration included mapping, a small sampling program and reassessment of the results against current company databases while two marketing trips with members from the Shandong Dongjia Group and Sinosteel Mining were recorded. Uranium exploration has included large scale mapping and interpolation of existing datasets to identify anomalies within the lease area as well as investigations into past reports available within the Departments open file reports. Iron ore exploration has included a small helicopter based geological survey and sampling program to assess the geology, extent and content of the Sherwin ironstone member exposed in the southerly section of the EL.