Bridging report to cover exploration activities over MLC's 32, 53, 54, 143, 352, 235-238, 35, 36, 353-355, 130-136, 146-149, 584-586 and MCC 239 01 January 2001 to 25 June 2007 Peko Leases Nobles Nob Group

Abstract

Mineral Leases 32, 53, 54, 143, 144, 352, 235 - 238, 35, 36, 353 - 355, 130 - 136, 146 - 149, 584 - 586 & MCC 239 Peko, were acquired by Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits. This bridging report records the exploration work done on these group of tenure during the term 01 January 2001 to 25th June 2007. Four angled RC holes (BSRC13-16) were drilled for a total of 160 meters in February. One meter sample splits were collected. These holes were drilled on 5 to 10 meter sections, as infill and confirmatory drilling to previous RAB drill holes. Cross sections and plans were updated and plotted in Micromine for prospect assessment. Seven angled RC holes were drilled for a total of 403 meters in January. One meter sample splits were collected. These holes were drilled on 5 to 10 meter sections, as infill and confirmatory drilling to previous RAB drill holes. These results indicate that the interpreted northern EW lens merges with the southern EW lens in the central part of the ore zone. Both lenses have possible shallow plunges to the east and west.