Eight Annual Report over the Eclipse Uranium Project

Abstract

During July 2014 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. Eclipse considers EL 24808 to be highly prospective for mineralisation within the Mount Eclipse Sandstone. This mineralisation could be in a similar style to the Bigrlyi Deposit or the Camel Flat Prospect. Mineralisation may also be associated with the Yuendumu Thrust Fault and the interpreted associated splay faults. The prospectivity of EL 24808 is further reinforced with the recent ramping up of exploration activities within the Ngalia Basin by Thundelarra and Energy Metals.