Batchelor Project AN 515 year 2 annual report year ended 26 September 2007

Abstract

AN515 is a part of the exploration ground in the Rum Jungle Mineral Field near the town of Batchelor, collectively referred to as the Batchelor Project. The project is prospective for uranium, thorium, gold and base metal mineralisation. The work completed on the tenement during the Year 2nd ended 26 September 2007 consisted of a review of geological data, and interpretation of ground radiometric and airborne magnetic survey data. The work resulted in outlining a number of areas prospective for uranium mineralisation, which require further geological mapping, sampling and ground radiometric surveying. On the basis of the results of these works, a drilling program is being planned and will be carried out as soon as possible, pending drill rig availability.