Partial Relinquishment Report EL 10158 Mt Ruby Harts Range Project from 21 May 2002 to 20 May 2005

Abstract

EL 10158 'Mt Ruby' is located approximately 130 kilometres ENE of Alice Springs. The tenement was granted on 21 May 2002 to Tanami Exploration NL (TENL). After three years of tenure, the tenement was reduced in size pursuant to the requirements of section 26 of the NT Mining Act. Exploration on the relinsurrenderedquished portions of EL 10158 is the subject of this report. During its first year of tenure, EL 10158 was the subject of a joint venture agreement between TGNL and Teck Cominco Australia Pty Ltd (Teck) and BHP-Billiton Pty Ltd (BHPB). Geodiscovery Pty Ltd managed the exploration for Teck-BHPB on the Albarta Area EL 10158. Teck-BHPB carried out rockchip sampling (14 samples) and a ground magnetic survey (17.3 line kms) on the southern surrendered tenement portion. EL 10158 was also included in regional prospectivity studies, including an assessment of geophysical data. No elevated gold values were returned.