Sixth combined annual report for EL 8279 Bintang and EL 8280 San Miguel 8 March 2004 to 7 March 2005

Abstract

This report details exploration undertaken by Santexco Pty Ltd (Santexco) a wholly owned subsidiary of Giants Reef Mining Limited (Giants Reef) on EL 8279 Bintang, and EL 8280 San Miguel, for the period from 8 March 2004 to 7 March 2005. The quantitative/qualitative ranking, based on geological, geophysical and geophysical characteristics and other parameters covering work status, target type, land status and economics has ranked the the EL 8199 as highly prospective 'Core A'. The tenements were also reviewed for oxide gold potential based upon either old gold workings and or exploration carried out on prospects generated by former explorers. The key areas of interest include corridors of anomalous geochemistry and magnetic anomalies along strike of The Susan, Argo and The Comet prospects. These areas have been tagged for further work next year and are likely to include geochemical sampling and, pending results, follow-up Vacuum, RAB, or RC drilling. Targets are ironstone-related gold-copper deposits.