Annual report for MLC's 96-97, 124, 185 and 276-280 for the year ending 25 March 2001

Abstract

A thorough review of the tenements was completed with a possible recommendation for relinquishment/sale of some, or all, of the leases. During the reporting period, no on ground exploration was carried out. No on ground exploration has been planned for the remainder of 2001. 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.