First annual report for the period 5 July 2002 to 4 July 2003, EL 10103 'Warramana', EL 10317 'Yalco' and EL 10329 'Yalco 1'

Abstract

Work during the first year of the licence included geophysical surveys, geological mapping, RC drilling a petrological report on core from Fandago prospect and rehabilitation. Intervals of anomalous base metal geochemistry were identified within the Fandango prospect with the best intersection of 69 m @ 1087 ppm Zn ( RC2FAN006). No significant results were reported from Yalco prospect. The company intends to divest these exploration licences.