Bootu Creek Manganese Project annual exploration report for EL 10412 seventh year 21 September 2007 to 20 September 2008 and EL 22428 sixth year 4 September 2007 to 3 September 2008

Abstract

Both Exploration Licences were granted for a period of 6 years from grant date and are contiguous with the Bootu Creek Manganese Project located on ML 24031. A number of manganese deposits occur around the eastern and western limbs of the Bootu Syncline, with current economic interest focused on deposits along the eastern limb. Bedding dips in this area are typically around 35, with local variations ranging from 15 to 45. The RC reconnaissance drill program in progress at the end of year 6 was completed in October 2007 with an additional 30 RC holes for 1854 metres. All of these holes were collared over EM anomalies within EL 10412. No significant manganese intersections were made during the program. A single sub-ore-grade assay of 17.7% Mn was returned for hole BCRC1260 at a depth 37m. All drill-hole data will be submitted as part of an MS Access database which will accompany the Annual Report for ML 24031.