EL 24112 Bowerbird Creek Third annual report 7 December 2006 to 6 December 2007

Abstract

Acacia Minerals Pty Limited (Acacia), a Territory based exploration company, purchased EL 24112 from G. L. and S. M. Wood. The dealing was approved under Section 173 of the Mining Act on the 4 December 2007. Acacia is a wholly owned subsidiary of Adelaide River Resources Limited, a public company currently preparing to list on the Australian Stock Exchange. The EL has two significant prospects, a gold prospect known as Golden Valley in the southwestern area, and Bowerbird, a copper, silver, lead prospect to the east. This Report covers the exploration work carried out during the third year of tenure, from the 7 December 2006 to the 6 December 2007. Work done included: Research, Satellite image interpretation, Magnetic interpretation, Helicopter reconnaissance, Rock chip sampling and Geochemical analysis.