Wellington Range Project EL 5893 Annual report 4 May 2006 to 3 May 2007

Abstract

This report describes work undertaken on EL5893 for the year ending 3rd May 2007. Exploration activities included a program of pre-collared diamond drill holes and airborne gravity. Rio Tinto Exploration commenced a RAB/Aircore program in late 2007, exploring for bauxite. Three fences comprising 12 pre-collared diamond drill holes were completed. Positioning of the traverses and hole locations was based on the Southern Geoscience airborne magnetics interpretation work that was completed in late 2005. The holes were targeting a linear, approximately north-south trending anomaly, interpreted to correlate with a more regional trend representing the Cahill Formation, the host stratigraphy to the uranium deposits of the ARUF. The results of the drilling proved significant with the predicted Cahill Formation being intersected in the majority of holes. Gneissic terranes were confirmed to enclose the trend both to the east and west. A deep diamond hole planned to investigate an interesting TEMPEST conductive feature was not drilled. It is planned to complete this hole in 2007. The Rio work is reported upon in a separate document accompanying this report.