Annual report for EL 10419 'Jervois', for the year ending 26 August 2006

Abstract

Exploration Licence 10419 'Jervois' (EL 10419), is located in the Proterozoic terrain of the Arunta Inlier. The tenement is to the east and south of the mineral leases which cover the gossanous outcrop of the Jervois Mine and its extensions along strike. EL 10419 has a total area of approximately 49 km2 (17 sub blocks). MIM Exploration Pty Ltd (MIMEX) applied for the tenement in September 1999 and was both manager and operator of the subsequent Joint Venture project. Exploration conducted by MIMEX focused on finding structurally controlled high grade Mt Isa-style copper and Broken Hill-style base metals mineralisation, as well as Fe-oxide associated copper -gold mineralisation. Following the termination of the joint venture, the tenement reverted to Solbec Pharmaceuticals as per the JV agreement. The purpose of this report is to detail exploration conducted by Reward Minerals Limited within EL 10419 during the year ended 26 August 2006. This report does not describe the previous exploration at Jervois, as this was set out in some detail in previous years' report.