Harts Range Garnet Project Group annual report Year ending 22 January 2006 EL 10150, EL 9190, EL 9191, EL 10331, EL 9851, EL 10372, EL 9410, EL 23090, EL 23088, EL 23087, EL 23089

Abstract

Olympia Resources Ltd has concentrated this year on conducting marketing studies on the Aturga abrasive deposit and conducting an unsuccessful assessment of a gold anomaly at Bruce's Prospect on EL 9851. The main thrust of the years work has been engaging an experienced marketing manager, Mr Robert Brand, to complete the analysis of the abrasives market and consolidate the planned modifications to allow for a two stage start up of the Aturga sand pit, continuing studies on a potential source of water in the Ambalindum Sandstone and drilling at Bruce's Prospect.