Annual report for the period ending 12th December 2005

Abstract

This annual report describes the work carried out in EL 10096, Mistake Creek during the period ending 12 December 2005. Exploration work consisted of; conclusion by Admiralty Resources NL not to continue with Joint Venture negotiations with Kajeena Mining Pty Ltd for Admiralty to farm-in to the project; interpretation of magnetics data; identification of numerous anomalies in the magnetics data which may represent kimberlites or lamproites; submission of a proposed work program to the Central Land Council to gain clearance permission to commence drainage sampling for diamonds; a reconnaissance field visit. A window of Proterozoic rocks has been identified as containing a number of discrete magnetic anomalies warranting follow-up drainage sampling for diamonds. Several nickel anomalous drainage areas, defined by previous workers, were field checked. No obvious mineralized source to the anomalism is evident however outcropping nearby basic dykes are possible contributors. The area remains prospective for diamonds and a proposed program of drainage sampling is currently with the CLC for clearances before work can commence.