Annual and final report for the period ending 13 July 2003 SEL 8630 Boomerang Creek

Abstract

SEL 8630 Boomerang Creek completely surrounds ML 1154 that encompasses the Merlin diamond mining operations and contains the Emu 1 and 2 kimberlite pipes. SEL application 23899 was lodged by Ashton Mining Limited on 8th May 2003 over SEL 8630 and EL 9893. During the term of SEL 8630, Ashton Mining Limited, BHP Minerals and Rio Tinto Exploration P/L completed geological sampling, geophysical and drilling programs exploring for diamonds and base metals. No additional kimberlites were discovered within the tenement area during this period. The exploration activities within SEL 8630 for the period 1995 to 2002 are summarised in this report. During the final year of tenure, no field-based exploration was completed as none of the remaining targets fulfilled exploration objectives. The exploration data for the SEL was packaged for investment and negotiations were held with various interested companies regarding the divestment.