EL 24655 Final report for the period 17 February 2006 to 06 January 2011

Abstract

This report covers activities on EL 24655 which was granted on 17 February 2006 for a period of six years to Mr Geoff Fanning. The tenement was surrendered on 6 January 2011 and the area has been incorporated into SEL 28291. The exploration licence is located about 100km 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 24655 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.