Annual report EL 25399 Compass Creek 12 April 2008 to 11 April 2009

Abstract

Hapsburg Exploration Pty Ltd was granted EL 25399 in April 2007. The tenement is located about 130 km south-east of Darwin, 55 km NNW of Pine Creek and about 15 km east of Ban Ban Springs. The tenement consists of 16 sub-blocks and is about 53.4 km2 in area. This report summarises the geology, prospectivity and past exploration done in the region and more specifically the work done on nine historic tenements that have covered all or part of the current EL 25399. In addition the report presents the work done by Hapsburg over the past two years, and the proposed ongoing work. Most early exploration around Compass Creek was focussed on trying to find gold and/or tin deposits. The Mount Wells tin mine is located about 10 km south-east of EL 25399, while the Woolwonga gold mine is located about 10 km west of EL 25399.