Fourth annual report EL 24358 for the period ending 15 March 2009

Abstract

Hartz Range Mines Pty Ltd ('HRM') has continued operations on EL24358, mostly under the Debbil Debbil Joint Venture operations, with Lagoon Creek Resources Pty Ltd ('LCR') as the operator. Previous extended wet seasons and cyclonic activity has largely prevented field access and field activity has been limited over this area. The work over this tenement has been limited due to focussing on the northern part of the Wollogorang Project area. Exploration work carried out by the Joint Venture Operators has not been carried out as planned. Lagoon Creek Resources indicated that they would carrying out follow up work at the anomalous stream sediment sample sites carried out the previous year but to date this has not been carried out. Hartz Range Mines have establish a permanent camp for work on the Wollogorang Project area but exploration work was not carried out over this tenement other that collating open file information which is still on going.