Annual mineral exploration report for EL 25643 Mt Isabel for the period 26 July 2007 to 25 July 2008

Abstract

The Annual Mineral Exploration Report on the Mt Isabel Project (EL 25643) details exploration activities undertaken by Cazaly Resources Limited (Cazaly) during the reporting period from 26 July 2007 to 25 July 2008. The tenement is located on the eastern margin of the Arunta Block and Amadeus Basin approximately 160 km east of Alice Springs. The project is transacted by the edge of the Illogwa Creek (SF 53-15) and Hale River (SG 53-03) 1:250,000 map sheets and the corner point of the Todd (5949), Limbla (5950), Hale (6049) and Illogwa (6050) 1:100,000 map sheets. During the reporting period Cazaly conducted an open file search over the tenements and geological review.