Annual report for EL 24204, 19 October 2004 to 18 October 2005

Abstract

This report describes the work undertaken by Washington Resources Limited (WRL) in assessing the granted exploration licence EL 24204. Regionally, the Kulgera prospect covers the eastern portion of the Musgrave Block. There is no evidence of past exploration within the tenement. Elsewhere, however, in both Western Australia and South Australia, similar Proterozoic sequences of the Musgrave Block are proven hosts to base-metal and PGE mineralisation. WRL has completed a literature search and compiled all available open file data on the tenement. This has been subject to due diligence and review by an independent geologist and will be used to guide further exploration on the tenement.