First annual report 1 December 2004 to 30 November 2005 A 23236 Unall Road

Abstract

A 23236 was acquired by Giants Reef Exploration Pty Ltd to search for IOCG deposits hosted in Warramunga Formation units within the Chariot Mineralised Corridor. This was underpinned with the coverage of the area by the Kevron aeromagnetic survey carried out by Normandy in 1998, which had not been fully evaluated. Exploration work during the first year of tenure included: A literature review which identified 3 target areas that required further investigation; and a brief assessment of the prospectivity which highlighted the fact that previous exploration over the tenure had focussed on the targeting of magnetic anomalies to identify magnetic ironstone bodies. Giants Reef noted that limited gravity data exists over the tenure and concluded that the potential for new discoveries in A 23236 are highly likely.