EL 26523 4th Annual Report for the period 23 July 2011 to 22 July 2012

Abstract

This report covers activities on EL 26523 which was granted to Exploration and Resource Development Pty Ltd (now Australian Ilmenite Resources Pty Limited) on 23/7/2009 for a period of 6 years. 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 Collara and Maiwok Subgroups of the Mesoproterozoic Roper Group. The Kyalla Formation in the area has been extensively intruded by sills of the Derim Derim Dolerite. The area has previously been explored for heavy minerals, iron ore, base metals, uranium and diamonds. No exploration was carried out during the current year due to other commitments in the area.