Combined annual report for EL 10307, EL 10308 and EL 22846, Mallee Braeden Project, for year ending 8 September 2007

Abstract

The Mallee Breaden Project comprises Exploration Licences 10307, 10308 and 22846 and is situated approximately 90 km north-northwest of the Tanami Gold Mine in the Tanami Desert of the Northern Territory. All three tenements were granted to AngloGold Australia Limited (Anglogold) and were purchased by Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company in June 2005. Exploration for the year ending 8 September 2007 was completed by Tanami Exploration NL. This work included data compilation, geological re-interpretation, field reconnaissance including rock chip sampling and drill targeting. A total of 10 rock chip samples were taken from EL 22846. No elevated gold values were returned and as such results failed to validate anomalous rock chips by previous explorers.