EL 29139 Year 1 Annual Report for the period 6 June 2012 to 5 June 2013

Abstract

EL 29139 is located in the under explored Georgina Basin. Previous exploration targets have included phosphate, uranium, base metals and diamonds. All exploration in the area has been short lived with little work completed. There are a number of delineated phosphate deposits in the region of EL 29139. There are prospects for sandstone hosted uranium deposits such as roll front and fault hosted deposits. There is also a possibility of associated copper mineralisation within the fault hosted uranium deposits. Furthermore, base metals are potential targets in faulted areas which have been likened to Mississippi Valley-Type deposits within the title area. No field work has been completed on EL 29139. Work associated with this tenement has been focused on literature searches and map making and interpretation work which is informing our fieldwork plan. There is substantial potential for sedimentary phosphate, uranium and base metal deposits within the area of EL 29139. Radiometric anomalies and structures within the title area require further investigation.