GR108 Group annual report for reporting period 10 April 2010 to 9 April 2011

Abstract

Since commencement of the Option and Joint Venture Agreement with Westgold Resources Ltd and its wholly owned subsidiary Castile Resources Pty Ltd in September 2010, MMG has conducted a systematic desktop review of past exploration, processing and re-interpretation of regional geochemical data (stream sediment and soil), in conjunction with ioGlobal. Dr Steve King, Solid Geology Pty Ltd was commissioned to undertake a regional structural interpretation aimed at generating exploration targets. This work was commissioned as part of MMG's ongoing project generation programme. In April 2011, responsibility for the McArthur Basin Combined Reporting Area was transferred from MMG's project generation team to a project manager, but a shortage of senior staff within MMG's Australian projects has delayed field work programmes.