Annual report on MLN 95 2008 Wheal Enterprise

Abstract

Most of the year was spent cleaning up 30 years of rubbish in my general area left by various squatters and care takers. Mining could not be carried out in the dry season as my Mine Management Plan was rejected and a successful MMP was not granted until the rain was about to start. For the last 5 years Compass Resources, Batchelor were wanting to buy my high grade copper (chalcocite) ore but they are now only processing oxide ore. This has fallen through until they start processing sulphide ores. Negotiations have started with SK Enterprises to mine my granite which would expose the copper reef in quantities that can be sold on the open market.