2006 Annual combined report on EL 10096 and EL 10097, period ending 12 December 2006

Abstract

The Kajeena Mining Company Pty Ltd holds exploration licences 10096 and 10097 in the Mistake Creek area which are considered to have excellent exploration potential for lead-zinc, gold and diamond deposits. The tenements have been subject to previous exploration with barite and copper having been mined historically in the area. Modern exploration has focussed on the anomalous base metal values in the Birrindudu Basin sediments and the regions prospectivity for diamonds. In December 2006 Kajeena entered into a Joint Venture Agreement with Dingo Resources Pty Ltd. Dingo completed an orientation trip and sampling programme in December for which results are pending.