EL 23578 South Mount Fitch Second annual report for the year ended 29 December 2005

Abstract

This tenement was applied for in early 2002 following the intersecting of major base metal mineralisation in drill holes near the Mt Fitch prospect located about 600 metres northeast. The primary purpose was, and still is, to cover potential down dip extensions to that mineralisation. The area is considered prospective at depth for uranium, copper, lead, zinc, cobalt and nickel mineralisation, especially as the mineralisation intersected in the adjoining tenement (ERL 125) appears to dip southwestward toward this tenement. During the first year of tenure acquisition of exploration data was undertaken, previous drill data was compiled and the prospectivity reviewed. This year, surrounding data was entered into a GIS database.