Annual report EL 26070, 25 January 2009 to 24 January 2010

Abstract

Coherent regional exploration models focusing on gold, tin and uranium have been established with targets for gold primarily identified on the tenement. Due to the turmoil in the first half of 2009 only limited work was carried out with the prime objective being the identification of a joint venture partner. The tenement has been under option with Great Western Exploration (GTE:ASX) since the 15 October 2009. Under the agreement GTE has resumed responsibilities for exploration activites over the license. Re-processing of existing regional datasets by Terrasearch has been used to assist in more detailed target selection. Limited fieldwork has been performed over the area and involved regional traversing by field personnel.