Annual report on EL 9618, October 30th 2002 to November 30th 2003

Abstract

Exploration Licence 9618 was granted W.A. Jettner (34%), D.R. Jettner (33%) and W.R. Jettner (33%) on 30 October 1996. It was transferred to Agricola Gold Limited on 17 th January 1997. EL 9618 was renewed on 16 November 2001 until 14 October 2003. EL 9618 was renewed on 12 July 2004 for a term expiring on 14 October, 2005. Exploration Licence 9618 covers a section immediately west of the Goodall Mine. It lies between 131 20'E and 131 22'E and 13 13'E and 13 14'S. It is situated about 130 km south east of Darwin and is accessed by Fisher Road. Further surface sampling and inspections were made over EL 9618 during the licence period covered in this report. A number of samples were assayed but failed to show any additional areas of economic mineralisation. The bulk sampling of the adjoining areas to Goodall MLN 1049 was unable to be completed as machinery and a drill rig were not available for this exercise by the onset of the wet season. Some surface examinations were made of an area of ridge country in the south east corner of the EL during the latter part of the exploration period. This will require a dozer to gain proper access, testing and approval for year 2004.