•           Fowlers Bay comprises a 700 square kilometre exploration licence located about 150 kilometres west of Ceduna (Figure 1). 

•         The exploration target is craton margin Proterozoic nickel sulphide deposits within a northerly trending belt of magnetic anomalies near the western margin of the Gawler Craton. 

•           Interpretation of the results of an airborne transient electromagnetic (TEM) geophysical survey in the northern part of the Project flown by a neighboring tenement holder in 2007 revealed 2 promising nickel sulphide targets (Figure 1). 

•          These targets, which comprise 2 bedrock TEM geophysical conductors up to a kilometre long, are located in a prominent regional bend in the belt of magnetic anomalies described above. 

•        The magnetic anomalies are interpreted to be Proterozoic mafic and ultramafic rocks prospective for nickel sulphides.  Evidence for this comes from widely scattered drill holes completed by previous explorers which penetrated to basement. 

•           The two airborne TEM anomalies appear to occur either side of a basement high expressed by a hill and both have an estimated depth to top of 100 metres or less. 

•          Ground TEM surveys to better define the two anomalies for possible drill testing were completed in December 2008 and April 2009 respectively and a high priority drill target chosen.  

Associated Documents
Figure 1