Combined final report for EL 9804 'Waite River', 28 October 2002 to 27 September 2007 and EL 9806 'Delmore Downs', 18 November 2002 to 17 October 2007, Alcoota Project

Abstract

Tanami Exploration NL (TENL) identified the potential for Tanami-style gold, iron oxide copper-gold (IOCG) and Tennant Creek-style copper-gold mineralisation in the Alcoota district of the northern Arunta region in 1997 and acquired a significant tenement package to form the Alcoota Project. TENL is a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company. The Alcoota Project lies approximately 160 kilometres northeast of Alice Springs in the Arunta region of the North Australian Craton. Access is provided via the Stuart, Plenty and Sandover Highways. EL 9804 and EL 9806 form part of the Alcoota Project and were granted on 28 October and 18 November 2002 respectively. After five years of tenure the remaining tenement portions of both tenements were surrendered. Exploration consisted of a regional assessment of the Alcoota project area, including a field reconnaissance trip in November-December, 2003. The assessment included evaluation of topography, geology, metallogeny, MODAT occurrences, previous exploration and aeromagnetics in conjunction with the field reconnaissance. A total of 9 rock chip samples were taken on the remaining 5th year tenement portions. No significant gold values were returned.