6th Annual report for the Pendragon Agreement, 6th July 2003 to 5th July 2004, EL 8012, EL 9477, EL 9759, EL 9992 and SEL 10188

Abstract

The Pendragon Project area is located within the south-western sector of the Tanami, and the north-western sector of the Granites, 1:250,000 Sheet areas. Exploration Licences (EL) 8012, 9477, 9759, 9992 and SEL 10188 are held by the Central Desert Joint Venture (Otter Gold NL 60%; AngloGold Australasia Limited 40%) and are subject to the Pendragon Deed executed 15 June 1998. Exploration work undertaken during the sixth licence year comprised data review and target generation by Newmont Exploration. Work within the Pendragon group of Licences concentrated on interpretation and mapping as part of preparation for a new structural interpretation of the Tanami region by 'RSG' (Brett Davies) - as part of a major strategic review of the Tanami Region. Data review and interpretation continued for the gathering of information for the 2004 budget.