Annual report from 23 March 2008 to 22 March 2009 and Final report from 23 March 2001 to 22 March 2009, EL 8846 Green Swamp Hills

Abstract

EL 8846 Green Swamp Hills formed part of the North Eastern Tanami Project which lies within 60 kilometres ENE and SE of the Tanami Gold Mine, within the Tanami Desert. The North Eastern Tanami Project comprised EL 8845, EL 8846, EL 9474 and EL 9475. The tenements form a series of highly prospective ground holdings over the north-south trending belt of rocks associated with the Nanny Goat Creek Volcanic's straddling the Suplejack Shear and were explored for gold and base metal. EL 8846 Green Swamp Hills was granted to AngloGold Ashanti Australia Limited (AngloGold) on 23 March 2001 for a period of six years. In the fifth year of tenure, the licence was included in a Sale and Purchase Agreement dated 23 June 2005, between Anglogold and Tanami Exploration NL (TENL). TENL is a wholly owned subsidiary of Tanami Gold NL, a publicly listed company. Following a decision by TENL to relinquish EL 8846, Deep Yellow Limited (DYL) acquired beneficial ownership of the tenement under an agreement dated 28 June 2005. However, registration of DYL's interested was delayed pending execution of a Deed of Assignment between TENL and the Central Land Council in respect of the AngloGold Exploration Deed. EL 8846 was renewed for a further two years and was allowed to expire on 22 March 2009. This report summarises the exploration carried out on the originally granted 18 block area of the tenement. The exploration completed is summarised in. The maps and images resulting from the activities are shown as Plates or they are contained in the digitally appended annual report respectively. The tenement was allowed to expire because access had relinquished based on lithology, lack of previously identified mineralisation and negative exploration results.