Hodgson FE Project EL 26412 Second annual report for period 14 April 2009 to 13 April 2010

Abstract

EL 26412 was granted on14 April 2008 to Exploration and Resource Development Pty Ltd (ERD), a Darwin based resource sector company for a period of six years. On 5 February 2009 ERD changed its name to Australian Ilmenite Resources Pty Ltd (AIR). The license area of 500 sub-blocks was originally applied for to target uranium anomalies as well as the iron ore potential in the southerly 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. 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.