EL 23545 Mt Peake Pastoral, Year 2 Annual report for the period 19 December 2003 to 18 December 2004

Abstract

Exploration Licence 23545, Mt Peake Pastoral covering an area of 1,523 km2 is located approximately 250km north-northwest of Alice Springs in the Northern Territory. The licence was initially granted to Anglo American Exploration (Australia) Pty Ltd and then transferred to Continental Nickel NL, a fully owned subsidiary of Goldstream Mining NL on 8 September 2004. During the reporting period 19 December 2002 to 18 December 2004, no field exploration activities were conducted as the licence was being sold. Continental Nickel NL is currently assessing all data to generate targets for the next field season. A second year compulsory partial surrender resulted in a reduction of the licence area by 769.7 km2. The retained portion of the licence now totals 753.3km2.