PROJECTS

CHILLING

Potential Types of Deposits

• Uranium unconformity-related - unconformity between Palaeoproterozoic metamorphic basement, overlying Mesoproterozoic and younger sedimentary rocks

• Iron-oxide breccia-hosted copper-gold-uranium

• Granite, pegmatite and shear zone related uranium, rare earth elements, tin and tantalum

• Copper lead zinc silver ± gold volcano-sedimentary and meta-sediment hosted massive or disseminated mineralisation

• Nickel, copper, Platinum Group Elements (PGEs)

• Intrusion and/or structurally related gold

Prospecting Rationale

- Emulate Crossland - Previous Chilling Area tenement holder

- Crossland’s technical findings

• Crossland selected Chilling area due to ‘Primary Hub’ potential

• Used confidential data supplied by Paradigm Geoscience (Global Geoscience Limited)

• Identified wide variety of deposit styles due to source rocks presence, host lithologies with suitable structure

• Mineralisation found at depth

• Western mirror image of the Alligator Rivers Uranium Province (ARUP)

• Region produced base metals, gold and tin-tantalum

CHARLEY CREEK

Potential Types of Deposits

- Uranium granite, pegmatite, shear zone related uranium and rare earth elements (REE)

• Iron-oxide breccia-hosted copper-gold-uranium

• Uranium palaeodrainage carbonate type

• Uranium palaeodrainage redox-related

• REE and Uranium in late stage felsic intrusives

• REE in alluvial sediments (mineral sands)

• Nickel, copper, vanadium and PGEs related to mafic intrusions

• Polymetallic metamorphic-related deposits

• Orogenic gold

Prospecting Rationale

- Emulate Crossland - Previous Chilling Area tenement holder

- Crossland’s technical findings regarding Uranium prospectivity:

• Used confidential data supplied by Paradigm Geoscience (Global Geoscience Limited)

• Nickel-copper-PGE accumulations associated with the ultramafic phases of the Mt Hay granulite

• Highly metamorphosed Palaeoproterozoic mafic intrusive complex

• Geological mapping by Rio Tinto Exploration (1997) confirmed layered mafic complex

• Concentrate exploration of radiometrically anomalous Teapot Granite for uranium

• 0.228% U3O8 inTeapot Granite in association with secondary uranium mineralisation hosted in the granite

• Potentially in greater quantities with additional exploration

• CRA Exploration water bore readings of 41ppb U indicating uraniferous ground waters

• Prospective for two secondary uranium deposit types (Analogue: Napperby Deposit)

- REE focus following reassessment of aircore geochemical data

- Anomalous Cerium and other REE in both alluvium and saprolite

- Alluvium-hosted REE resources were calculated

- Large swathes of project area remain prospective for REE

- Basement and cover rocks remain prospective for wide variety of commodities

OTHER

BLOODWOOD PROJECT

Prospecting Rationale

- Crossland’s technical findings and rationale

• Arunta Province, north of Ngalia Basin

• Sandstone-type uranium occurrences on periphery of Ngalia Basin

• Rock types similar to tenements east of Bloodwood

  • Anomalous uranium found e.g. Crystal Creek

• Crossland exploration based on prospectivity for uranium and base metals

• Area not adequately tested - mostly surface or shallow sampling and surface ecological mapping

• Past explorers concentrated on gold

• Prospects and areas of geochemical anomalism identified include:

  • Venerable Creek radiometric anomalism, U up to 810ppm in relatively shallow drilling, outcrop sample

  • Wilson’s Find (Singleton tungsten-copper) scheelite-copper bearing quartz veins, rock chips >1000 ppm copper

  • Elevated Ni-Zn-Bi-Cu-Au in soil and drill-hole samples

  • Drill-hole samples with anomalous Cu-Bi-Au and Au-Ag-Bi