Annual report on EL 7911 Gardiner Range from 26 May 2009 to 25 May 2010

Abstract

EL 7911 was granted to Otter Gold NL on 10 June 1998. In 2003 OGNL was taken over by Normandy NFM / Newmont, which had the tenement registered by Australian Tenement Holdings Pty Ltd, a holy owned subsidiary of Newmont. EL 7911 was explored by ATH as part of its Gardiner Range Project, which is considered to be prospective for gold mineralisation similar to the Tanami, Twin Bonanza, Old Pirate and Groundrush deposits. In December 2009, ABM Resources NL purchased EL 7911 from ATH. ABM explores the tenement for the potential of gold mineralisation. EL 7911 is located at the WA/NT boundary in the Tanami Desert region, approximately 175km NW of the Granites Gold Mine. All previous exploration has been outlined in the preceding annual reports. No on-ground exploration was conducted during the twelfth year of term due to the sale of EL 7911 from ATH to ABM; therefore this report covers nothing conducted during the reporting period.