EL 26756 Annual technical report for the period 15 December 2008 to 14 December 2009

Abstract

Exploration conducted by Prosperity Resources Limited within EL 26756 at Tennant Creek during the period 15 December 2008 and 14 December 2009 included a review of all exploration data specifically relating to the tenement. One new target was delineated on the western boundary of the northern portion of the tenement. This target is a gravity high which is situated along the interpreted extension of a structure which trends 020-030degrees. Exploration proposed to follow-up this target includes: Field investigations which may include detailed ground gravity and magnetic surveying, geological mapping and geochemical surveys as appropriate; Modelling of geophysical data were appropriate to refine drill targets and planning of drill holes; Prioritisation of targets for testing based on realistic economic targets; and RC and or diamond drilling to test targets