Annual report for EL 10412 for period ending 31 August 2003

Abstract

During this period the project has moved to a feasibility stage and work was focused on advancing that study including, hydrology, aerial survey, resource modeling, mine planning and scheduling, metallurgical work, plant design, rail freight negotiations, environmental approvals, completing mining and land access agreements with the NLC on behalf of the Native Title Claimants, haul road designs and port arrangements. A final feasibility documents was drafted during the period and completed after the end of this period. The feasibility report is included in this report. An infill drilling program of 78 drill holes for 2259 metres was completed.