Sixth Annual Report for EL 8773 Lasso and EL 8786 First Light 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 8773 Lasso and EL 8786 First Light, for the period from the 8 March 2004 to the 7 March 2005. On the 13 June 2001, Giants Reef Exploration Pty Ltd, a wholly owned subsidiary of Giants Reef, purchased all of the shares in Normandy Tennant Creek Pty Ltd (NTC) from Normandy Consolidated Gold Holdings Pty Ltd, a subsidiary of Normandy Mining Limited. The name NTC has been changed to Santexco Pty Ltd (Santexco), which is wholly owned subsidiary of Giants Reef. A detailed ground gravity survey and reconnaissance RAB drilling program was carried out in EL 8786 during the report period. Although no field work was carried on EL 8773 during the year it was included within a package of tenements which were subject to a combined quantitative/qualitative ranking, based on geological, geophysical and geophysical characteristics and other parameters covering work status, target type, land status and economics. Mining at the Edna Beryl mine, located just south of EL 8773, will aid in a greater geological understanding of the area for exploration.