Combined annual and final surrender report for EL 10307 'Blip' EL 10308 'Calypso' and EL 22846 'Stake Range West'

Abstract

The Mallee Breaden Project comprised Exploration Licences 10307, 10308 and 22846 and was situated approximately 90km north-northwest of the Tanami Gold Mine in the Tanami Desert of the Northern Territory. All three tenements were granted to AngloGold Australia Limited (Anglogold) and were purchased by Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company in June 2005. The tenements, which cover parts of the north-south trending belt of rocks associated with the Supplejack area of the Tanami Desert, were explored for gold. This report summarises the exploration carried out on the originally granted 21 blocks area of the tenement. The exploration completed includes rock chip sampling. The maps and images resulting from the activities are inclded or they are contained in the digitally appended annual reports respectively. No significant elevated gold values were returned from the reconnaissance sampling. The tenements were relinquished based on lithology, lack of previously identified mineralisation and negative exploration results.