EL 23579 West Mount Fitch Third annual report for the year ended 29 December 2006

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 to the east. It is considered prospective for uranium, copper, lead, zinc, cobalt and nickel mineralisation, especially as the mineralisation intersected in the adjoining tenement (ERL125) dips westward toward this tenement. During the first two years of exploration, previous exploration and drill data was compiled and the prospectivity reviewed. Compilation of available exploration data into GIS format has been progressing, the aim being to then undertake a more holistic exploration approach, rather than a series of individual programmes on each tenement. Some original TEP data such as RAB drilling has been located, with results being added to the GIS database.