Combined annual report for the Nobles Nob Project Tenements MLC512, 513, 514, 515, 516, 517, 521, 525, 531, 532, 533, 534, 537, 538, 539, 540, 541, 542, 543, 544, 545, 548, 549, 550, 556, 688, 689, 690, 691 ML590, 526 and 589 reporting period 1 January 2007 to 31 December 2007

Abstract

Excalibur Mining Corporation Ltd has acquired the Nobles Nob Project from Peko Rehabilitation Project Pty Ltd and has commenced an extensive data compilation and field exploration program over these tenements. Key exploration targets within these tenements are extending known mineralisation below the current Nobles Nob Pit, expanding and defining further the current resources at both Nobles Nob West and Rising Sun. The work completed during the reporting period has consisted of an extensive data compilation (both digital and hardcopy), drilling of 22 RC drill holes for 4462m, drilling of 3 diamond RC precollars for 412m, diamond core drilling (tail) for 100m, implementation of a DGPS survey and reviewing/reexamination of old diamond drill core.