Roper HM Project EL 24655 Fourth annual report for period 17 February 2009 to 16 February 2010

Abstract

EL 24655 was granted on 17 February 2006 to Exploration and Resource Development Pty Ltd (ERD), a Darwin based resource sector company for a period of six years. On February 05th 2009 ERD changed its name to Australian Ilmenite Resources Pty Ltd (AIR). The license area of 43 sub-blocks was originally applied for to target previously unexplored but known heavy mineral deposits, potential uranium anomalies, an assessment of the iron ore potential in the EL and the assessment of the diamond prospectivity of the area. This report details all exploration activity carried out over the tenement during Year 4. 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. Sampled product was also shipped to two other interested parties in China for evaluation. 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.