Bridging report to cover exploration activities over MLN 38, MLC 253 to MLC 261, MLC 362 to MLC 375, MLC 377 to MLC 387, MLC 432, MLC 530 and MLC 606 to MLC 616, 01 January 2001 to 20 July 2007 Lone Star Group

Abstract

Mineral Leases 38, 253 - 261, 362 - 375, 377 - 387, 432, 530 & 606 - 616 Lone Star, 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 20th July 2007. During the report period no exploration was conducted over the Lone Star tenure area. The Lone Star Tenure area was included in large scale regional reviews of tenure, and exploration occurred to the south west and north east of the tenure area. The Lone Star tenure area is located within EL's 9958, 10113, 10114 and 10312. Giants Reef did not consider this area as a high exploration priority, however Emmerson considers the proximity to many past producing mines and many smaller historical mines in the area still make it an attractive area to explore.