Combined annual report EL 8845 Lake Buck and EL 9474 Farrands Hill, North Eastern Tanami Project from 23 March 2009 to 22 March 2010

Abstract

EL 8845 and EL 9474 are situated about 600 kilometres northwest of Alice Springs and were explored as part of the North Eastern Tanami project for gold. Both tenements were granted to AngloGold Australia Limited (Anglogold) on 23 March 2001 and were purchased by Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company in June 2005. These tenements were then sold to ABM Resources NL (ABM) in December 2009. Transfers for EL 8845 and EL 9474 have been lodged and awaiting registration. Due to the financial focus on the change from open pit to underground mine at TGNL's Coyote mine as well as the sale of EL 8845 and EL 9474 to ABM no exploration was conducted during the ninth year of term. Therefore this report covers nothing conducted during the reporting period. All previous exploration has been outlined in the preceding eight annual reports.