Annual report on EL 26588 Tennant Creek East for the period ending 10 August 2011

Abstract

No work was completed on this tenement during the reporting year. However, work in Year 3 comprised preparation for an 8 hole RC drilling program. A meeting was scheduled with the CLC on 12 October 2010, but was postponed at their request. In February, 2011, Minemakers formally requested a heritage clearance to be conducted, but due to the extended wet, access was not possible until later in the year and a Sacred Site Clearance Certificate (2011-073) was not granted until 23 August 2011. Unfortunately by this time, it was after the tenement's anniversary date and a rig that was planned to have been used from Minemaker's nearby Wonarah project was no longer available to the company. An MMP (0627-01) was granted on 23 May 2011. A waiver was approved on 10 August 2011. The proposed RC drilling program is expected to be completed after the wet season in 2011- 2012 and following this and assessment of results, a decision will be made as to the phosphate prospectivity of this part of the western Georgina basin. If the RC drill program is successful, further RC drilling will be carried out.