Partial Relinquishment Report EL 23888 Stafford Reynolds Range Project 12 August 2004 to 11 August 2007

Abstract

EL 23888 is explored as part of the Reynolds Range Project area, where Tanami Gold NL identified the potential for quartz-vein-hosted gold mineralisation in the Proterozoic basement rocks. The tenements of the Reynolds Range Project lie in Central Australia centred approximately 225 kilometres northnorthwest of Alice Springs. The tenement was originally granted to Newmont Australia Pty Ltd (Newmont) on 12 August 2004. It was managed by Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company, as part of their Reynolds Range Project under an option agreement dated 28 May 2004. On 19 December 2006 EL 23888 was transferred to TENL. After three years of tenure a partial relinquishment was completed. Exploration on the relinquished portion of EL 23888 included geological and regolith mapping and interpretation, 15 rock chip samples and RAB drilling of 19 holes. The rock chip sampling and RAB drilling returned to significantly elevated gold results, maximum gold value was 14ppb Au in rock chip sample RRK040.