EL 27008 Annual report period 3 September 2009 to 2 September 2010

Abstract

In the latter part of October 2010 EL 27008 was purchased by Fertoz Pty Ltd from the previous titleholders FSL World Holdings Pty Ltd. The EL consists of 473 graticular blocks, (1558km2) located in the Katherine Region of the Northern Territory. The area of interest occurs within the boundary of the Daly Basin and the new titleholders consider the licence area to be favourable for the discovery of phosphate deposits of a similar nature to that found in the Georgina Basin to the south-east of this locality. Fertoz Pty Ltd has commissioned Minesite Services Australia to report on this and other licences purchased as part of the newly purchased tenement package which consists of 17 granted ELs and 12 EL applications.