Annual exploration report EL 24967, for period ending 30 July 2010, Hayward Creek

Abstract

EL 24967 is roughly 60 kilometres North of Tennant Creek, lying east of the Stuart Highway. A RAB program was planned for year 4 under the Panoramic Resources joint venture. Unfortunately AAPA land access delays on EL 24966 resulted in delays to the commencement of TUC's Tennant Creek exploration programmes for 2010. The delays resulted in the planned RAB program not being drilled in year 4. TUC intends to complete this program early 2011 and has commenced preparations for drilling, with land owner permission sought and granted and preliminary reconnaissance of access tracks and site preparation requirements already completed (early year 5).