Fourth Annual Report and Final Report EL 26900 Manbulloo-Daly Basin for the period 14 May 2009 to 12 April 2013

Abstract

EL 26900-Manbulloo located within the Daly Basin, southeast of Katherine was acquired for its potential to host rock phosphate. During the reporting period the following work was carried out: Acquisition of digital data sets and evaluation of historical company reports, phosphate market research; Review of regional radiometric, magnetic, landsat and mineral data; Geological review of EL 26900; Field reconnaissance conducted; 15 in field Niton XRF readings taken from rock outcrops; 3 rock samples submitted to laboratory for multi-element analysis; and Lithological description of 3 rock samples. Lithologies of rock samples collected in the field were described generally as limestone, with all samples KS2 to KS4 interpreted as Jinduckin Formation. Rock chip assays for tenement EL 26900 were unremarkable, with none of the returned assays elevated in any elements to significant levels. Niton field assays returned a marginally anomalous Sn value of 851ppm for sample Ks3c and a Zn value of 123ppm for sample Ks3d, a K value of 2.84% for sample Ks3j and sample Ks3g returned a Nb value of 1703ppm. Access into the tenement was limited due to wet ground conditions and sample locations were restricted to the southwest of the tenement. Overall project assessment of the phosphate potential of the tenement was carried out during the current year. The potential was downgraded and no further exploration activities were carried out. The tenement was surrendered on 12/4/2013.