EL 10335 Eight annual report for the period ending 14 August 2010

Abstract

Exploration of the Wollogorang Project by Hartz Range Mines Pty Ltd ('HRM') during the last period consisted of geological mapping of Packsaddle Dome area, geochemical sampling, and ground geophysics (IP survey). The latter was designed to test for sulphides at depth below or adjacent to the breccia pipes mapped last year, and the geochemical sampling confirmed results from previous sampling which were considered suspect. Lagoon Creek Resources Pty Ltd ('LCR') continued operations on the Debbil Debbil Uranium Project in the southern part of the EL. Work consisted of soil geochemistry and compilation of scintillometer data collected previously. The results of this work were considered encouraging enough to complete a diamond drilling programme of nine holes for a total of 921.4 m.