Combined annual report for EL 22924 and EL 24454 Huckitta, 26 May 2009 to 25 May 2010

Abstract

The Huckitta project is situated approximately 200 kilometres northeast of Alice Springs in the Northern Arunta block of the North Australian Craton. The project now consists of EL 24454 Pulpit and EL 22924 Delny. The Huckitta project previously consisted of EL 23636 Yam Creek, EL 23637 Mt Baldwin and EL 24454 Pulpit. EL 23637 was transferred from Tanami Exploration NL (TENL) to Deep Yellow Limited (DYL) on 23 April 2007. EL 23636 was transferred from TENL to DYL on 2 August 2007. DYL's activities are focused on exploration for uranium. On 13 April 2007, EL 24454 Pulpit along with EL 22924 Delny, was incorporated into a new joint venture arrangement between TENL and Mithril Resources Limited (Mithril). Mithril activities are focused on exploration for nickel. Both tenements are granted to Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company. In December 2009, ABM Resources NL (ABM) purchased EL 8845 and EL 9474. Transfers for both tenements have been lodged with Department of Resources and are waiting registration. Due to the financial focus on the change from open pit to underground mine at TGNL's Coyote mine as well as the sale of EL 22924 and EL 24454 to ABM no exploration was conducted during the reporting period by any of the four parties involved including Mithril and DYL. Therefore this report covers nothing conducted during the reporting period. All previous exploration has been outlined in the preceding annual reports.