First and final annual report for EL 26494 Rum Jungle West, 11 June 2008 to 19 September 2008

Abstract

Exploration Licence 26494 (Rum Jungle West) was granted to Southwestern Mining Company Pty Limited (Southwestern) on the 6th June 2008 and was then transferred to Acacia Minerals Pty Limited (ACN 127 419 729) (Acacia). Principal reason for the acquisition was the Company's belief that the area had some potential for gold and uranium. While EL 26417 is still considered prospective, other projects which the Company holds have more potential and with the down-turn in the exploration industry, it was decided to surrender the EL and concentrate on those other projects. This Report covers the period from the 6th June 2008 to the 19th September 2008. No work was carried out on the licence area.