EL 25676 Annual report 22 August 2010 to 21 August 2011

Abstract

This annual report outlines exploration activities undertaken by North Australian Diamonds Limited (NADL) on EL 25676 between the 22nd August 2010 and 21st August 2011. This period represents Year Four of the license. On 18th September 2007 NADL granted Top End Uranium Limited (TEUL) the right of access to the land covered by EL 25676 for the purpose of exploring for, mining and processing minerals other than diamonds. This report includes work undertaken by both NADL and TEUL. EL 25676 is situated on the Walhallow (SE53-07) 1:250,000 geological mapsheet and the Lancewood (6163) 1:100,000 topographic mapsheet in the Northern Territory. It is located around 120 kilometres south of Borroloola and is accessed via existing unsealed tracks leading from Kiana Station. Previous exploration has included an extensive search by various companies for kimberlites that has recovered significant numbers of chromites and diamonds in loam samples. Field work during the reporting period included the processing of drill spoil from the previous year, collection and processing of detrital stream zircon samples and the collection and processing of 39 stream gravel and loam samples.