Second annual report for ML 23216, MLC 176 and MLC 177, 19 July 2003 to 18 July 2004

Abstract

No exploration activities were carried out on the Leases during the report period. All activities were related to operational requirements. Drilling for delineation and grade control was performed routinely when required however no additional exploration work involving geophysical or other techniques was performed on the leases. During the previous reporting period, the underground mine was successfully commenced by a variety of production methods. The decline has advanced 975 lineal meters at a grade of 1 in 7. The bottom of the decline is 220 m below surface, accessing the first 8 production levels.