Seventh Annual Report over the Eclipse Uranium Project, Ngalia Mineral Field EL 24808

Abstract

During July 2013 consulting geologists Kastellco Geological Consultancy (KGC) conducted a review of existing historical exploration data within the Northern Territory Geological Survey Database. This was conducted for over the Project area to identify any potential for uranium, gold and base metal. Work during this term included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. The targeting was undertaken at a high level to identify areas of interest that stand out in the regional re-interpreted geophysical data. Historical prospects were reviewed to determine the effectiveness of the previous exploration and evaluate remaining potential within the Exploration Licence area. An initial drill program for EL 24808 has now been planned for this year with a new Mining Management Plan to be submitted by October 2013.