Combined Annual Report on EL 24178, EL 23934 and EL 24166 Tanami-Granites Project for the year ending 12 March 2009

Abstract

Exploration work undertaken by AFMECO Mining & Exploration during the period 13 March 2008 and 12 March 2009 consisted of ground EM survey along lines perpendicular to conductors identified by the airborne survey. On-ground exploration work consisted of helicopter-borne geological reconnaissance during which rock chip samples were taken for geochemical analysis. The data acquired during the ground geophysical survey are currently being reprocessed and interpreted. The geochemical and petrographic results of rock chip samples have been completed. Conclusions: The results, if favourable, will be used to define drill targets for unconformity-style uranium mineralisation.