Annual report for MCC 56, MCL 18 and MCL's 339-342 for the year ending 25 March 2001

Abstract

During the reporting period, no on ground exploration was carried out. No on ground exploration has been planned for the remainder of 2001. A thorough review of the tenements was completed with a possible recommendation for relinquishment of some of the leases near the Mt Samuel sacred site complex. With the sale of Normandy Tennant Creek Pty Ltd (Normandy) to Giants Reef Mining Ltd (Giants Reef), Giants Reef will be initiating new exploration programs over the areas covered by Normandy's present tenement holdings. The sale of all Normandy Tennant Creek assets to Giants Reef Mining should conclude on the 23 May 2001.