Exploration licence EL 25027 Acacia 3 first annual report year ending 18 April 2007

Abstract

The area was applied for to test the potential for Ni, Cu, Au, U and Co as well as all other minerals. Work carried out consisted of a review of historic data and reports. A field reconnaissance trip was carried out in early April 2007. The EL area was covered on foot and by vehicle, however, thick grass and trees covered a large portion of the area, and outcrop was difficult to find. It appears that the whole of the EL is mostly covered by soil. 13 samples of outcropping rock were taken, with assay results not available at this time but will be included in the next Annual Report. Samples included the following rock types: shale, quartz, iron and manganese encrusted shale, as well as ferricrete.