Third combined annual report for EL 7810 'Hayward Creek', EL 10129 'Alexander' and EL 10311 'Gibson Creek', 20th March 2003 to 19th March 2004

Abstract

The comapny acquired ELS 7810, 10129 and 10311 to search for base metal deposits, possibly associated with a regional gravity. Additional targets include Tennant Creek-style iron stone hosted Au-Cu-Bi deposits. As a result of alliance termination between BHP Billiton and Giants Reef exploration, no on-ground exploration was conducted in the area during the reporting period. A review conducted by the Giants Reef Exploration has identified may magnetic anomalies which are indicattive of Tennant Creek style gold-copper occurrences. Currently, Giants Reef Exploration is actively persuing a partership or alliance to explore over the license area.