Fourth annual report on EL 24112 Bowerbird Creek 7 December 2007 to 6 December 2008

Abstract

Acacia Minerals Pty Limited (Acacia), a Territory based exploration company, purchased EL 24112 from G. L. and S. M. Wood. The dealing was approved under Section 173 of the Mining Act on the 4 December 2007. Acacia is a wholly owned subsidiary of Adelaide River Resources Limited, a public company currently preparing to list on the Australian Stock Exchange. This Report covers the exploration work carried out during the fourth year of tenure, from the 7 December 2007 to the 6 December 2008. The tenement was reduced in area from 14 to 7 blocks during the year. Work done includes: NTGS Open File Research, On site Ground Reconnaissance, Prospect Examination, Existing Tracks upgrading. Rock chip sampling, Geochemical analysis. Additional work is recommended for Year 5.