Fourth Annual Report for EL 30613 Singleton Phosphate Project 15 June 2018 to 14 June 2019

Abstract

EL 30613 is being explored for rock phosphate. The EL covers rocks intersected in waterbores on Singleton Station which were previously interpreted by NuPower/Central Australian Phosphate to be prospective Cambrian carbonates and siltstones. During Year 1 of tenure, Rum Jungle Resources (as the company was then), undertook a detailed study of all available information on 14 waterbores in and near Singleton EL 30613. There are possibly up to five different aquifers in this area. Groundwater is present in modern creek alluvials, Cenozoic clastic rocks, various Cambrian Formations/lithologies with combinations of vuggy, fracture and clastic porosity, and in Proterozoic 'basement' rocks. The study carefully considered whether the Cambrian phosphate target stratigraphy is above or below the standing water level. This led to the conclusion that the northwestern half of the original title, closest to the railway, was the least prospective for Cambrian phosphate. There is little evidence that Cambrian rocks are even present in this area and, if they were, they would be below the watertable. An AAPA Register Search revealed five Recorded Sites each surrounded by relatively small Restricted Work Areas. Consequently, based on the waterbore study and no-go areas, 35 blocks were voluntarily relinquished from the original 56 within the first year of tenure. Another, compulsory, reduction in 2018 took EL 30613 to only 18 blocks. This remaining area is prospective based on waterbores and still warrants drill testing. Drilling would be constrained by a CLC Cultural Site, but overall, sufficient area remains to justify a modest drilling program if undertaken in conjunction with other work in the nearby Ammaroo Project. Singleton could be definitely drill tested with only a few shallow holes when funds become available. However, all funds to date have been directed to the nearby Ammaroo Phosphate Project. This did not change in Year 4 of tenure because Verdant Minerals is being taken over by CD Capital. The future of EL 30613 now depends on the strategic direction of, and cash from, CD Capital.