Annual exploration report EL 24975 Attack Creek for period ending 17 September 2011

Abstract

EL 24975 is roughly 70 kilometres north-north-west of Tennant Creek, lying about seven kilometres west of the Stuart Highway. At the beginning of the getting EL 24975, Territory Uranium Company Pty Ltd was primarily exploring for Cu, Au and U. And also they suggested that other commodities that could not be ignored were economic quantities of manganese and iron. Exploration on EL 24975 for year 2 focused on the gold, phosphate and uranium potential of the area by TUC. Field reconnaissance and a ground scintillometer traverse were undertaken across the tenement with rock chip samples taken from where anomalous readings were recorded. In year 3 TUC, after reviewing its tenement commitments, has chosen to sell this tenement, as part of a package, to Anhui Geology and Mining Investment Ltd. This sale was established as a direct result of attending the Ministers delegation to China in 2008. Due to the sale of this tenement to Australia Mining and Gemstone Co. Pty. Ltd Territory Uranium had not planned any exploration on this tenement for year 4. The transfer had been completed in the 8th of September of 2009. Anything is new for us; we have to review all of the information about the EL 24975. We cannot be able to do anything about the tenement except some information review.