Annual Report for EL 25553 Hayes Creek Project for period 26 July 2015 to 25 July 2016

Abstract

EL 25553 is situated in the central part of Pine Creek Orogen, and is located about 165 km SE of Darwin. EL 25553 was granted to Element 92 Pty Ltd, a wholly owned subsidiary of Thundelarra Exploration Limited, on 26 July 2007. In 2014, Oz Uranium Pty Ltd, a wholly owned subsidiary of Rockland Resources Pty Ltd, purchased the licence from Thundelarra along with all other exploration interests in the Hayes Ck area. The tenement has 2 blocks which cover approximately 6.7 km2. During the reporting period there has been detailed targeting using existing geochemistry. The analysis shows that the Bella Rose prospect is highly prospective with at least one located recommended as a high priority target.