Final Technical Report for EL 22532 Umberumbera for reporting period 9 August 2002 to 8 July 2005

Abstract

EL 22532 (Umberumbera) is located within Elkedra Diamonds NL's Altjawarra Project Area. This report details all work carried out on the tenement up to 8th July 2005 by Elkedra Diamonds NL. Exploration activities undertaken during the tenure period included: 1) Aeromagnetic Interpretation; 2) Ground Magnetic Surveying; 3) Aerial Photography Interpretation; 4) Drilling 6 RAB holes were completed in October 2003 (for a total of 215m); 5) Surface Sampling - Heavy Mineral and Geochemistry (117 surface samples, 38 stream sediment samples and one loam sample were collected for heavy mineral processing for diamond indicator minerals); 6) Manganese Helicopter Reconnaissance Surveying. The tenement is considered more prospective for base metals exploration than for diamond exploration. As part of a strategic tenement rationalisation the tenement area has been relinquished to allow exploration in areas with higher diamond prospectivity, however Elkedra retains some of the ground under a substitute exploration licence application.