Annual report on EL 24918, for the period ending 7 September 2008

Abstract

Section 34 of the Mining Act requires the submission of an Annual Report prepared by the titleholder for each current Exploration Licence (EL). This second year Annual Report for EL 24918 provides a summary of activities undertaken on the permit in the last 12 months including any results produced by these activities. EL 24918 was granted on 8 September 2006 for a term of six years. Tri-Star Energy Company is the sole titleholder and the operator of EL 24918. The work and expenditure program for EL 24918 during its second year required a geological and geophysical review of existing data and information towards determining the location of Permian coals within the Purni Formation and specifically, their depth, thickness, lateral extent and quality. No field activities were intended during the second year and none were carried out. Tri-Star commenced the review of existing data for the permit area and the Pedirka Basin in general to identify existing seismic, well and bore data, geology, cadastral information and topography. It has been determined from investigations during the reporting period that there are at least four seismic surveys from the 1960s and 1980s that have seismic lines that occur at least in part on the tenure. Currently, a search is in progress for the seismic data from all of these lines to assist in the mapping of the Permian coal seams. The geological investigations and the literature search commenced during the reporting period has indicated that the Purni Formation and its associated coals do not crop out within the area of EL 24918 but may occur at depth throughout the tenure. Tri-Star has met all work and expenditure commitments for EL 24918 for the second year of the term, further work will be required to determine definitely the location of the Permian coals and the third year of the term will focus on addressing this issue.