Annual report for EL 27706 Mount Esther 18 May 2010 to 17 May 2011

Abstract

EL 27706 Mount Esther was granted to Enigma Mining Limited on the 18 May 2010. Enigma is a wholly owned subsidiary of TNG Ltd. The licence forms part of TNG's Mount Peake Project area together with EL 23074, EL 23271, EL 27069, EL 27070, EL 27787, EL 27941, ELA 28491 and MLA 28341 and covers a total area of 579.58km2. Exploration carried out on EL 27706 during the reporting year has mainly been of a regional nature. A full literature review was carried out on the historical data and reviews of the current geophysical data were undertaken. The literature review has provided a number of targets within the tenement worthy of follow-up and it is likely that reconnaissance mapping, geochemical sampling and ground geophysics will be undertaken during the next reporting year. TNG have contacted the Aboriginal Areas Protection Authority (AAPA) regarding the location of sacred sites within the Mount Peake tenement area. The location of Restricted Works Areas identified within EL 27706 has significantly affected proposed exploration.