Combined annual exploration report CR110 EL 24884, EL 24906 and EL 25228 for the period ending 19 January 2010 Batchelor - Adelaide River Project NT

Abstract

The project area is approximately 80km due south of Darwin and consists of three tenements: EL 24884, EL 24906 and EL 25228. All tenements underwent requirements for 3rd year 50% reduction, EL 24884 waiver submitted, EL 24906 waiver submitted, EL 25228 partial waiver from reduction applied for 62 of 94 blocks to keep. Exploration during the year included reconnaissance rock chip sampling (4 samples), gridded soil sampling (25 samples) and Airborne Radiometric Geophysics 700.3 line kms. Significant uranium anomalies from geophysics were returned on EL 25228. EL 24906 has been sold to Anhui.