Year 1 Annual report Lucy Creek EL 27844

Abstract

NRE has carried out a detailed geological assessment of its Lucy Creek Project, during the first year of grant. NRE's exploration activities during this first term also included considerable research prior to the commencement of a helicopter reconnaissance program to evaluate the tenements. Research included review and compilation of the data in the Northern Territory Geological Services' (NTGS) open file reports, air photo imagery and examination of the latest geological maps. NRE's helicopter reconnaissance program over its Lucy Creek Project commenced in August 2011, consequently crossing over the first and second term of the licences. NRE's targeted areas for ground evaluation during this program was on the basis of previous geophysical surveys, in particular aeromagnetics and radiometrics. Sites are being tested using a scintillometer and by the taking of soil and rock samples. Geological observations and photographs are also being recorded at each site. The detailed desktop geological assessment of the Lucy Creek Project has led to the following up of possible shallow phosphate mineralisation by a helicopter reconnaissance program. NRE is yet to receive the results to its helicopter reconnaissance program and is looking forward to receiving the results of this activity early in the second term of the licences. NRE has met all work and expenditure commitments for its Lucy Creek Project for the term of the licence.