Annual exploration report on EL 24351 for period ending 22 February 2008 McCallum Creek Burnside Project NT

Abstract

During the reporting year, exploration activity was limited to general review, reconnaissance visit of the area, acquiring of the IKONIS imaginary and data entry into DataShed. The reason for limited work being the company resources focused in developing projects such as Toms Gully, Cosmo Deeps and Maud Creek with a budget of tens of Million dollars. Proposed work would involve ongoing review and or infill drilling of the geochemical anomalism generated by Acacia Resource's RAB drilling in 2000, field checking zones of previous anomalous geochemistry and geological significance and interpreting the geophysical aspects of the tenement and defining further drill targets.