Annual report for EL 26220 for the period 16 November 2007 to 15 November 2008

Abstract

This report describes the work programme undertaken during 2007/2008 by Eastbourne Exploration Pty Ltd on their EL 26220 tenement. Situated within the Pine Creek Shear Zone in the Northern Territory, the tenement forms part of the Woolgni-Edith River Project which comprises EL 23568, EL 23569, EL 26219 and EL 26220 collectively covering approximately 750 km2. The commodities sought are uranium and gold. Initial work consisted of historical exploration research and a site visit combined with a major review of exploration strategy and potential over the whole project area. The Company proposed an extensive exploration programme that encompassed the entire Woolgni-Edith River project. During the year the Company commenced systematic exploration of the shear zones within the Cullen Batholith, focussing primarily on areas around historical uranium prospects.