Sixth annual report for EL 8434 'Nicker', for year ending 17 April 2006

Abstract

EL 8434 'Nicker' is located approximately 400 km northwest of Alice Springs in the Arunta region. EL 8434 is the subject of a Deed for Exploration between the Central Land Council (CLC) and Yuendumu Mining Company NL (YMC), signed on 3 August 1996. On 29 September 1999, Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL, entered into a Joint Venture agreement with YMC covering EL 8434 together with the Saxby tenements EL 8306, 8962 and 8966. Exploration during the sixth year of term included rock chip sampling near the Dodger Prospect and RAB drilling to the southwest of the Dodger Prospect. Results from RAB drilling define a broad low-level Au anomaly associated with quartz veining in low-grade quartz-rich metasediments to the southwest of Dodger. Gold anomalism peaks at 26 ppb Au.