EL 23048 Eighth annual and final report for the period 2 December 2002 to 1 December 2010

Abstract

This report covers activities on EL 23048 which was granted on 2nd December 2002 for a period of six years to Exploration and Resource Development Pty Limited (now Australian Ilmenite Resources Pty Limited.) A further 2 years of tenure were subsequently granted to Australian Ilmenite Resources in October 2008. The tenement expired in December 2010 and the area has been incorporated into SEL 28291. The exploration licence is located about 120km east of Mataranka in the Roper River region of the Northern Territory. The Project lies in the Urapunga Fault Zone within the Bauhinia Shelf of the Proterozoic McArthur Basin. The area is underlain by sedimentary rocks of the Maiwok Subgroup of the Mesoproterozoic Roper Group. The Kyalla Formation in the area has been extensively intruded by sills of the Derim Derim Dolerite. The exploration target has been heavy minerals associated with the weathering and erosion of dolerite sills within the Mesoproterozoic Roper Group. The area has previously been explored for iron ore, base metals and diamonds. Exploration activities undertaken on the EL have included auger drilling, trenching and desk top studies. The results of this work indicate that the area has potential for economic heavy mineral (ilmenite) deposits.