Sixth combined annual report for EL 8430 Redback and EL 8705 Boseiver 8 March 2004 to 7 March 2005

Abstract

This report records exploration undertaken by Santexco Pty Ltd (Santexco) a wholly owned subsidiary of Giants Reef Mining Limited (Giants Reef) on EL 8430 Redback and EL 8705 Boseiver for the period from the 8 March 2004 to the 7 March 2005. Work on these two Exploration Licences during the year focused on assessing the prospectivity of the north west trending corridor between the Juno and Nobles Nob Deposits. Vector Research were Pty Ltd were contracted to process Giants Reef's magnetic survey data using their proprietary MAGSURF(magnetic surface filter). The application of the Magsurf filtering of the magnetic data over EL 8430 and EL 8705 did not delineate any new targets for exploration. Nor did the data provide any additional information on the structural or geological framework of the area. Work during year seven will focus on the southern region of EL 8430 which contains a numb of discrete magnetic anomalies and the south west extension of the Noble Nob fault structure. Some regional geochemical work may be undertaken along the discrete magnetic ridge which extends east west through the Exploration Licences.