ERL 146 Embayment Annual Report to September 2004

Abstract

During the reporting period, a gravity survey was conducted over the tenement and surrounding area in association with Phelps Dodge Australasia. The main purpose was to to help target the sulfide mineralisation at depth near the old shaft at the Browns deposit. In addition, reconnaissance for massive hematite ore was undertaken over the tenement, where areas of hematite-quartz breccia have been reported. Intermediate contains an inferred resource of 3.5 million tonnes of ore, averaging at 2.% copper and 0.12% cobalt. Whites contains an inferred resource of 1.5 million tonnes averaging at 0.3% copper, 8.3% lead and 0.23% cobalt.