First annual report for EL 23912 Bynoe Project, year ended 17 June 2005

Abstract

This report outlines exploration activities carried out over EL 23912 at the Bynoe Project area, south of Darwin, NT. Current work on EL 23912 has included the analysis of earlier mapping and rock-chipping work (that covered both EL 23912 and MLN 16). This is an area of known previous mining operations for Tantalum (Ta), and Tin (Sn) (the Observation Hill area). The The main group of Bynoe workings have been mined over an extended period throughout the last century, mainly for tin, with more extensive hard-rock and alluvial mining in the latter years being primarily for tantalum. Previous exploration by SGW (up to 1995) in MLN 16 delineated a number of 'indicated resources' in the Bynoe project, including: Ah Hoy 100,000t @ 268ppm Ta2O5 (to 30m depth) Henderson South 50,000t @ 190ppm Ta2O5 Highland 80,000t @ 171ppm Ta2O5 Lees 250,000t @ 128ppm Ta2O5 P33 340,000t @ 159ppm Ta2O5 (to 40m depth) Yan Yams 40,000t @ 317ppm Ta2O5 Total 860,000t @ 173ppm Ta2O5.