Relinquishment report on EL 24822 Ooratippra, 4 April 2007 to 29 April 2008

Abstract

Southwestern Mining Company Pty Limited (ACN 104 649 774) (Southwestern) was granted Exploration Licence 24822 on the 4th April 2006. The Company also held four adjoining Exploration Licences numbered 22488 24869, 24993, 25019. The Exploration Licences were transferred to Acacia Minerals Pty Limited in September 2007. El 24822 is worked as part of the 'Ooratippra Diamond Project'. Four blocks being 50% of the Licence were relinquished in the 29th February 2008. This Report covers the exploration work carried out during the second year of tenure from the 4th April 2007 to 29th February 2008. Work done includes: Geophysical Interpretation, Helicopter reconnaissance and Satellite image Interpretation.