Annual report Year 2 EL 25676, 23 August 2008 to 22 August 2009

Abstract

This annual report outlines exploration activities undertaken by North Australian Diamonds Limited (NADL) on EL 25676 between the 23rd August 2008 and 22nd August 2009. This period represents Year Two of the licence. On 18th September 2007 NADL granted Top End Uranium Limited (TEUL) the right of access to the land covered by EL 25676 for the purpose of exploring for, mining and processing minerals other than diamonds. This report includes work undertaken by both NADL and TEUL. EL 25676 is situated on the Walhallow (SE53-07) 1:250,000 geological mapsheet and the Lancewood (6163) 1:100,000 topographic mapsheet in the Northern Territory. It is located around 120 kilometres south of Borroloola and is accessed via existing unsealed tracks leading from Kiana Station. Previous exploration has included an extensive search by various companies for kimberlites that has recovered significant numbers of chromites and diamonds in loam samples The results of two loam samples and thirty-one soil geochemical samples taken during the previous reporting period became available. The results of a further 280 samples taken during the current reporting period are awaited.