Combined annual technical report for EL 9529 and EL 22759, for the year ended 1 April 2008, Rankin Project

Abstract

Up to 2006 Tanami Exploration NL included EL 9529, Rankin and EL 22759, Gecko in its Winnecke Project which comprised a total of 6 exploration licences centred about 65 km northeast of Alice Springs. In November 2006 Maximus Resources Limited (MXR) entered into a joint venture agreement with Tanami Exploration NL to explore for base and precious metals over EL 9529 and EL 22759. MXR was the operator and manager of the project until December 2007. On 23 January 2008 MXR completed an option/farm-in agreement Minotaur Exploration Pty Limited (MEX). To date MEX as operator of EL 9529 and EL 22759 (together with EL 23592 and EL 26440) has undertaken ground electromagnetic (EM) surveys over the Rankin prospect (EL 9529) and has committed funds towards the NTGS Central Arunta gravity survey.