Annual report for MCC 968 for the year ended 26 June 2010 Kurundi Project

Abstract

MCC 968 is located approximately 400kms NNE of Alice Springs and 100km SE of Tennant Creek. The eastern part lies on the western edge of Kurundi Station, and the western part lies on Aboriginal freehold land of the Warumungu Aboriginal Land Trust. The mineral claim is a small area of approximately15 Ha that covers the contact between Warramunga Group volcanics and sediments to the west of the ridge, and sheared and silicified felsic porphyry, which forms the ridge. No on-ground exploration was completed during the reporting period. Lack of exploration access for the purposes of completing diamond drilling have hampered exploration progress. The CLC on behalf of the Aboriginal Traditional Owners of the area have requested that no exploration be carried out on MCC 968. More work is required in the immediate area of the historical Munadgee uranium mine workings to ascertain the nature and extent of the mineralization. Deeper diamond drilling under the workings is recommended to test for depth extensions of the mineralisation. This work will only be implemented once negotiations with Aboriginal Traditional Owners over exploration access have been successfully concluded.