Combined annual report for EL 9520, EL 9521, EL 9522, EL 9523, EL 9524 and EL 23863, Andrew Young JV Project, for the year ended 17 July 2005

Abstract

This second year Annual Report summarises exploration work carried out on five Exploration Licences (9520-9524), Andrew Young JV Project, Northern Territory during the annual period to 17 July 2005. EL 23863 was added to the combined reporting group on 16 February 2005. No work was carried out on this EL during the reporting period. These licences form part of a Joint Venture between Southern Tanami Exploration Pty Ltd (STE) and BHP Billiton Minerals Pty Ltd (BHPB). The Project area is located approximately 400 km west of Alice Springs and is being explored for magmatic Ni-Cu within the ~1640 Ma Andrew Young Igneous Complex (AYIC). Work during the period included data interpretation and assessment. During the reporting period, data collected from the 2004 exploration programme was assessed and interpreted. Additional areas for further follow-up exploration are currently being considered.