Annual report for EL 24943

Abstract

Sandfire Resources NL became holder of this title less than two months before the end of Year 1. Only preliminary work was conducted by Sandfire during this period. The previous holder had conducted no work on the title. No meaningful results are reportable. Summary of exploration activity: - A literature review for this title is currently being conducted as part of a larger review of Sandfire's Borroloola Project area. Particular attention is paid to previous geochemical results and a data base to facilitate interpretation is under construction. It is expected that this will be completed during the first half of this title's Year 2. - During May 2007 Costica Vieru (Senior Geologist) and field assistant spent 10 days conducting vehicle and helicopter reconnaissance on this and other titles comprising the Borroloola Project. Although several locations on EL 24943 were visited, sampling was not considered warranted.