ERL 125, MCN 984, MLAN 25075, MLN 1157, MLN 1158, MLN 1159, MLN 1161 Mount Fitch Annual report for year ended 22 August 2008

Abstract

During the reporting period several campaigns of reverse circulation percussion (RC) and limited diamond drilling (DDH) were undertaken at both the Area 55 and Mount Fitch Zone prospects to further delineate the oxide resource and to explore for adjacent sulphide mineralisation and oxide extensions. These efforts proved successful in expanding the known resource. Work completed on the Area 55 Project consisted of 33 RC holes totalling 2738m, including 3 DDH holes consisting 255.45m. At the time of reporting mineralisation remains open to the north and resources definition drilling continues. Work completed on the Mt Fitch Zone consisted of 77 RC holes totalling 4471m. Resource definition drilling continues in addition to 3 planned twinned diamond holes for metallurgical studies.