2014 exploration report by Altura (AJM) which checked out the...

2014 exploration report by Altura (AJM) which checked out the blue portion of the SUH ground (yellow border)

SUMMARY
Since the late 1800’s the Moolyella area has been the focus of tin and tantalum exploration with
widespread, intermittent mining of alluvial and eluvial deposits. The tenement is immediately
south of the historic Moolyella tin mine and covers part of the surrounding ‘Moolyella tin field’
which contains extensive alluvial and eluvial workings. Mineralisation is mainly pegmatitederived
and consists of cassiterite with small amounts of tantalite concentrated in shallow near
surface deposits. The numerous workings and lack of recognition of primary mineralisation has
provided stimulus for pegmatite exploration at Moolyella to establish an economic source of
rare metals. Initial investigation of the tenement for pegmatite mineralisation has involved
evaluation of earlier exploration and preliminary field reconnaissance. The evidence would
suggest that the pegmatites are narrow and of insufficient volume for them to be an exploration
target – or more importantly a mining opportunity.

4.0 CONCLUSIONS AND RECOMMENDATIONS
The Moolyella area has historically been subject to intense prospector activity with widespread
workings from alluvial and eluvial tin and tantalite deposits within and surrounding E45/2273.
These shallow, surface deposits are derived from narrow tin-bearing pegmatites although
limited primary mineralisation has been recognised within the exploration licence. There has
been some historical drilling of areas of the pegmatites but the results were reported to have
recorded narrow intersections and only moderately mineralised.
Their economic potential of the hard rock pegmatites was considered to be limited. From what
has been reported there was insufficient concentration of individual pegmatites to allow bulk
mining of the rock – dilution would make processing uneconomic.