Seventh annual report for the Tanami Exploration Agreement, Annual report for EL 2367, EL 4529 and EL 23662, for the period 1 January 2011 to 31 December 2011

Abstract

In 2011, significant follow-up drilling at Oberon occurred. The strong results at Oberon added weight to NTO's exploration efforts in the Tanami, increasing confidence in the potential for large Callie style ore bodies at depth beneath geochemical anomalies hosted by key stratigraphic groups. Additional first pass drilling for these 'deeps' targets took place in 2011, and is planned for 2012. Follow up on targets at Minotaur and in an area south of The Granites is also planned for 2012.