Charley Creek EL 25657 Cloughs Dam Annual report for the period 30 August 2014 to 29 August 2015

Abstract

The licence is centred approximately 50 km northwest of Alice Springs, and extends along the northern edge of the West McDonnell Ranges. The northern boundary lies just south of the Tanami Highway. The exploration licence is held by Western Desert Resources Base Metals Pty Ltd (WDRBM), a subsidiary of Western Desert Resources, in receivership. In July 2010, Crossland Nickel Pty Ltd entered into a Farm-In arrangement with WDRBM to Joint Venture the licence. Crossland Nickel is a wholly owned subsidiary of Crossland Strategic Metals Ltd (Crossland). The latter company has been appointed agent and operator of the licence. EL 25657 comprises part of Crossland's Charley Creek project. The project area is considered prospective for Rare Earths, uranium and other metals. Crossland has been exploring the region since 2005, initially for nickel. During this period, the significance of the anomalous uranium content of the Teapot Granite became apparent and exploration efforts were concentrated in that terrane for several years. In 2008 on Crossland's EL 24281, an aircore program was carried out to explore for paleochannel-hosted uranium in the plains country immediately north of the ranges. In late 2009 - early 2010, samples from the drilling were re-analysed; anomalous amounts of Rare Earth Element (REE) mineralisation were indicated, occurring in samples collected from weathered bedrock and the overlying alluvial material. The anomalous samples indicated a high grade gneissic rock. Indications of REE were also discovered in the Teapot granitic terrane. The significance of these discoveries was immediately realised, and since that time the principal focus has been on the exploration for these commodities, principally within the extensive outwash fans, which fringe the northern edge of the MacDonnell Ranges. No activities were undertaken in the reporting period within the subject licence