Annual report EL 25747 September 2009 to September 2010

Abstract

EL 25747 (9 blocks) was granted to Manasia Mining and Metals Pty Ltd on the 28 September 2007, for a period of 5 years. The licence was originally 12 blocks but this was reduced to 9 blocks in 2009. The licence is due to be reduced to 5 blocks on the 28 August 2010. No work was conducted on the licence up until June 2010 when Ron Gregory Prospecting was engaged to supervise all works programs for Manasia Mining and Metals Ltd in both Tasmania and Northern Territory. All that was possible to be undertaken was a desktop review of previous exploration and NT geology. The tenement provides a limited opportunity for stratabound lead/zinc mineralization and a speculative play for possible structurally controlled gold mineralization. It is appreciated that little work has been conducted on EL 25747, but if the Licence is renewed for the 2010/2011 year, local contractors will be promptly engaged to undertake the work program outlined in the 2008/2009 Annual Report.