Combined annual report for EL 10096 and EL 10097 for the period ending 12 December 2008

Abstract

The Kajeena Mining Company Pty Ltd holds exploration licences 10096 and 10097 in the Mistake Creek area, which are considered to have excellent exploration potential for lead - zinc, copper, gold and diamond deposits. In December 2006 Kajeena entered into a Joint Venture Agreement with Dingo Resources Pty Ltd. Dingo completed an orientation trip and sampling programme in December 2006 and a further field trip in October, 2007 during which further stream and soil sampling was undertaken. Soil and stream sediment sampling has failed to delineate clear geochemical anomalies over prospective magnetic features. Stream sampling in the area of previously drill tested copper mineralisation shows a low order anomaly which is not considered to be culturally derived. It is proposed that further sampling, several 3D IP surveys and drill testing be conducted in the next year of tenure.