Tenth Annual Report over the Eclipse Uranium Project 10 August 2015 to 9 August 2016

Abstract

The Eclipse tenement (EL 24808) covers 27 graticular sub-blocks within the arenaceous continental and marine sediments of Pre-Cainozoic age of the Ngalia Basin. The project is prospective for uranium as JORC Resources have been delineated within the surrounding areas. The tenement is situated on the northern portion of the Ngalia Basin. Since 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. Work during this term included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. Further evaluation in the 2015 ? 2016 tenement year has revised conclusions from previous work and resulted in geophysical recommendation that a detailed ground gravity survey be conducted over airborne magnetic and Tempest anomalies to delineate drill targets. No ground exploration has been conducted due to past financial constraints, which have been addressed and approval obtained to conduct field activities in the 2016 / 2017 year