EL 8823 Rover Project Tennant Creek Inlier annual report reporting period 8 March 2006 to 7 March 2007

Abstract

This report covers exploration completed on EL8823 during the reporting period 8 March 2006 to 7 March 2007. The Rover Project is located approximately 100km west of the Tennant Creek township and comprises a number of granted tenements and applications that fall entirely within aboriginal freehold lands of the Karlantijpa South Land Trust. The project area is considered prospective for copper and gold and base metals mineralisation associated with Iron Oxide Copper Gold (IOCG) mineralising systems. The tenement area immediately to the east of EL8823 hosts two advanced IOCG mineralised systems and provides added prospectivity in the area. Exploration activities completed during the reporting period include: - Regional gravity survey over the eastern portions of the tenement area - Processing of the gravity surveys The on ground regional gravity survey was completed on a 500m station spacing x 1000m line spacing over the eastern portion of the tenement. Processing of the new gravity data has highlighted a number of regional scale features. These features, including a number of significant gravity 'highs' possibly reflecting dense alteration zones associated with the known mineralisation on the adjacent tenement or more dense rocks or topographic highs at the unconformity. Additional regional scale structural trends are also noted. The initial review of the gravity data suggests significant structural information can be interpreted and in light of the encouraging drill results on the adjoining tenement, it is recommended the survey be extended to the west provided access and the daily production rates can be increased or a helicopter supported survey is contemplated.