Annual report for EL 23414 Worman Rocks, ending 26 June 2006

Abstract

Exploration Licence 23414 was granted to L. Frankefield for a six year term. It is located in the Haasts Bluff Aboriginal Reserve approximately 450 km west of Alice Springs. In June 2005, EL was reduced in area to 201 one minute square graticular blocks, and in June 2006 was further reduced to 100 blocks. During the first year exploration was conducted by Tanami Gold NL under the terms of the Kintore Joint Venture. Tanami Withdrew from the joint venture at the beginning of the second year. During the reporting year, re-interpretation and collation of all historical information including geophysical and geological surveys and satellite imagery, was undertaken. On the basis of this work, prospective targets were better defined.