EL 9028 Tee Dee Hill NE Victoria River Region, NT, Annual Report on Exploration Activities year one of tenure 7 July 2003 - 6 July 2004

Abstract

EL 9028 forms part of a farmin agreement between Rio Tinto Exploration Pty Ltd and Diamond Mines Australia Pty Ltd covering numerous Rio Tinto controlled tenements and applications in the Northern Territory. Under this agreement, DMA will conduct predominantly diamond exploration over the tenements and will utilising the Falcon(tm) airborne gravity gradiometer system to detect kimberlite pipes. Gravity Capital Ltd is managing the farmin arrangement for Diamond Mines Australia and owns 40% of DMA. The above farmin agreement was executed during the early stages of the first year of tenure. Rio Tinto had initially conducted a review of historic exploration data, including considerable surface sampling focussed on diamonds. DMA subsequently consolidated the data compiled by Rio Tinto and considered the priority of the area for airborne surveying. An area some 50 km to the SW of EL 9028 on the adjacent EL 8915 was selected for Falcon surveying. However, no field work was completed on EL 9028 in the 2003 season.