Annual report for EL 25982, for the year ending 5 December 2008

Abstract

The Tobermorey licence (EL25982) was granted on 6 December 2007 for a period of six years. The tenements were purchased from Bralich Holdings Pty Ltd in September 2008 as part of a tenement package comprising EL25982, EL25983 and EL26380. The 3 exploration tenements comprise a total area of 3,205 km2 and are located on pastoral lease. A total of $65,000 was spent on EL 25982 during the reporting period. Exploration work consisted of data compilation of historic work, data review and conceptual evaluation. No on ground field work was conducted during the period except for a small field visit. The target commodities explored for were phosphate, base metals and manganese.