Annual report on MLCs 4, 5, 127, 129 and MCC 1034 for the year ending 25 March 2000 Peko East and Blanc Leases Central JV2 Reporting Group

Abstract

This report details work completed on MLCs and MCC of the Tennant Creek East group that are subject to the Central Joint Venture 2 Agreement. Since 1995, Normandy has explored the tenements for ironstone hosted Au/Cu/Bi mineralisation within Proterozoic Warramunga Formation. No on-ground exploration was carried out in 1999. Peko East and Blanc exploration data was compiled and the magnetic anomalies re-modelled. Previous exploration data reviews and geophysical interpretation indicate at Peko East untested potential in the large Anomaly 2 and Anomaly 6 ironstone systems. The area does not rank highly against other targets in the Tennant Creek Field and no further drilling is planned for the following year of tenure.