Annual report EL 26070, 25 January 2008 to 24 January 2009

Abstract

Coherent exploration models focusing on several commodities have been established and include targets for gold, uranium and tin. A comprehensive information memorandum has been compiled and was used to attract a partner in March 2008 who hopes to list on the ASX in the upcoming months. Due to prevailing market conditions the listing process has been delayed until conditions become more favourable. Part of the listing process has included several field trips into the area to assess the mineral potential of the tenement and makes up the bulk of the field component. Further processing of existing data has been used to assist in more detailed target selection.