Epenarra Project Annual report for the period 6 February 2009 to 5 February 2010 EL 26775

Abstract

EL 26775 lies approximately 130km to the south-east of the township of Tennant Creek. The tenement consists of 500 blocks and covers an area of 1561.77 square kilometers. The license was granted to Northern Uranium on the 6 March 2009 for a period of 6 years. Northern Uranium Limited is targeting Cambrian phosphorite deposits within the Georgina Basin. The Cambrian Gum Ridge Formation which has been interpreted to underlie the western portion of EL 26775 is considered to be a potential host for phosphate mineralisation. Unfortunately due to difficult finance circumstances experienced worldwide it was not possible to complete the proposed mapping, sampling and drilling activities. It is anticipated that the proposed exploration activities will be undertaken in 2010.