Harts Range Project Annual Technical Report for EL 25764 for the year ending 15 September 2014

Abstract

EL 25764 is part of Barfuss Corporation's Harts Range Project. The bulk of the project area comprises ELs 29690, 25063 and 25430, plus more recent licences ELs 29950 and 29920. Existing Mineral Claims are also considered part of the project. The Harts Range Project licences cover about 600 square kilometres but EL 25764 covers only a few square kilometres, surrounding the Hart Range Ruby Mine (over which Barfuss Corporation has Mineral Claim coverage). The licence was granted on 16 September 2010 and covers an area originally excised from the grant of EL 25063, at the time of that licence's grant, as it was then covered by 'Reserve from Occupation' RO1357. Underlying geology through most of the project area consists of high-grade metamorphic rocks of the Arunta Block, including the Harts Range Group (part of the Late Proterozoic to Cambrian Irindina Province), with older Aileron Province rocks in the east ('Entia Dome') and west (Strangways Metamorphic Complex, including younger deformation in the Gough Dam Schist Zone). EL 25764 is underlain predominantly by the Riddock Amphibolite unit, west of the Entia Dome. The licence covers only a small area amongst prospects recognised by the company on adjoining Licences and Claims. Field activity to date has included reconnaissance mapping and prospecting, and inspection of the area for economic muscovite potential by geologists from the Merck Group of Germany. Mineralisation proximal to the licence includes the ruby deposits and a vermiculite deposit in Mineral Claims surrounded by the licence, and east-west pegmatite dyke(s) to the east with very strong uranium-niobium-yttrium-tantalum(-REE) mineral enrichment ('Bobs', 'Cusp' and 'Malex' prospects). Detailed air-borne geophysical surveying is considered an optimal assessment tool for the Project area and drill testing is being considered. Barfuss has been in on-going negotiations with a number of other companies regarding possible investment and joint ventures, including the Merck Group (noted above), and a separate prospective investor has travelled from Germany to inspect the project. A Chinese group has also considering investing in parts of the project (via DDM Capital, a Melbourne-based corporate advisory firm) and Barfuss has visited China for discussions. A Confidentiality Agreement has been signed with MMG Limited, which is interested in the project's nickel prospectivity. Activities during the reporting period included additional sampling of muscovite from pegmatite dykes and high-temperature testing of the same. Some results are encouraging, but no numerical results are available. Other work included on-going ground prospecting for gems, gem materials and vermiculite occurrences.