Annual technical report for EL 27040 for the 12 month period ending 1 June 2010

Abstract

The tenement area lies in the western parts of the Pine Creek Inlier (Litchfield Province) and is considered to have good potential for magmatic Cu-Ni mineralisation related to the Wangi Basics. The Litchfield Province is the continuation of the prospective Halls Creek Province of the Kimberleys, a known significant magmatic Cu-Ni province. Work conducted includes: Analysis of GA AEM coverage; Preliminary geological and geophysical studies and; Brief geological observations from helicopter while enroute from Daly River Hotel to EL's 10140 and 35713. Sample and geophysical data supported by favourable geological setting continue to present a reasonable level of prospectively for this tenement. Future work plans for this tenement will be determined for the 2011 field season.