Annual report on EL 23474 Barrow Creek Project for the period 31 October 2006 to 30 October 2007

Abstract

This report covers exploration work carried out by Australian Tantalum Pty Ltd, a wholly owned subsidiary of Haddington Resources Limited (HDN) during the reporting period (31 October 2006 to 30 October 2007). Exploration conducted on EL 23474 during the reporting period included a regional surface exploration program. A total of 406 soil samples and 6 rock chip samples were taken. Exploration under MMI techniques has defined a number of tantalum, base metal and uranium responses that require increased investigation. In conjunction with the previously defined 2005-6 soil anomalies exploration will focus on the potential of these anomalies to host economic mineralization. The elevated uranium MMI response to the north suggests the potential for paleochannel/surficial mineralization needs to be reviewed.