Annual Report EL 28081 5 January 2015 to 4 January 2016

Abstract

EL 28081 forms part of FAR Resources Plenty Rivers Project which consists of 8 granted exploration licences covering 667km2 in the Harts Range / Plenty River area of the Northern Territory. The area is considered to be prospective for base metals, precious metals and industrial minerals. Work conducted in the fifth year consisted of a licence geological reconnaissance and surface soil and rock geochemical sampling program. Exploration to date has not located any base metals mineralisation but only a small part of this extensive licence area has been examined in detail. Because of the long anastomosing nature of the licence, the area covers a number of potential mineralisation domains that will be investigated in the coming years. The area considered to be of lower exploration potential has been relinquished at the end of the fifth year of tenure. During the sixth year of tenure exploration work will concentrate on the platinum anomaly located in the south-western corner of the EL.