Annual Report on EL 25789 from 9 July 2011 to 8 July 2012

Abstract

EL 25789 was granted to Legend International Investment Pty Ltd on 9 July 2008 for a period of six years, and will expire on 8 July 2014. EL 25789 is located about 1027 km south of Darwin and approximately 27 km south of Tennant Creek. It now has 29 sub blocks (approx 73.8 km2) on the Tennant Creek (1:250 000) sheet. It is located within the Palaeoproterozoic Tennant Creek Inlier which comprises the Ashburton province to the north and Davenport province to the south, separated by Tennant Creek Province. Much of the project area is covered by thick sand sheets, relict fluvial system, often covered by sand and uncommon colluvium and scree deposits. Interpreted geology of the project areas shows that it mainly contains rocks of Junalki Formation, Orradidgee Group and undifferentiated granite, which are all buried below surficial cover which may be 10's of meters thick. In the year under review, an appraisal of data collected during previous exploration programs was undertaken. Geochemical sampling program, undertaken during the previous reporting period returned some significant REEs and Zr concentrations from the overlying sandy cover. Interpretation of high resolution geophysical survey has also shown some significant anomalies in the north-eastern part of the project. Due to surficial cover, it is important that suitable drilling techniques are utilised to intersect bed rock geology. A number of field visits were undertaken in order to assess the mineral potential of the project area. In the next reporting period, REEs anomalous areas will be checked with an oriented geochemical sampling program. In addition, geophysical anomalies will also be drilltested. This program will include Air core/RC drilling program which should penetrate deep into bed rock geology. Samples retrieved during drilling will be petrographically examined, and assayed for a suite of elements, which should help to identify bed-rock geology and its mineral potential.