Annual report on EL 25245, for period ending 12 November 2008

Abstract

Section 34 of the Mining Act requires the submission of an Annual Report prepared by the titleholder for each current Exploration Licence. This second Annual Report for EL 25245 offers a summary of activities undertaken on the permit in the past 12 months including any results produced by these activities. EL 25245 was granted on 13 November 2006 for a term of six years. Tri-Star Energy Company is the sole titleholder and the operator of EL 25245. The work and expenditure program for EL 25245 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 three 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 25245 but may occur at depth throughout the tenure. Tri-Star has met all work and expenditure commitments for EL 25245 for the second year of the term, further work will be required to determine the location of the Permian coals with any precision and the third year of the term will focus on addressing this issue.