Annual and final report on EL 8824 Officer Hill from 23 March 201 to 22 March 2011

Abstract

EL 8824 is situated approximately 550 kilometres northwest of Alice Springs and was explored for gold as part of the Southern Tanami project comprising EL 8824, EL 9295 and EL 9616. All three tenements were originally granted to AngloGold Australia Limited on 23 March 2001 and were purchased by Tanami Exploration NL, a wholly owned subsidiary of Tanami Gold NL, a publicly listed company in June 2005. These tenements were then sold to ABM Resources NL in December 2009. Over the ten year of tenure exploration was completed by AngloGold, TENL and ABM. It included a geological re-interpretation, airborne geophysical surveying, petrographic analyses and drilling. The drilling was completed in 2002. The maximum over all assay result from the drilling was 19 ppb in hole SOPH0041. No exploration was conducted during the tenth and last year of term.