Annual report SEL 23659 Mac Peak Central Project from 20 March 2010 to 15 November 2010

Abstract

SEL 23659 was granted to Australian Tenement Holdings Pty Ltd (ATH), a holy owned subsidiary of Newmont. SEL 23659 was explored by ATH as part of its Central Tanami Project, which is considered to be prospective for gold mineralisation similar to the Tanami, Twin Bonanza, Old Pirate and Groundrush deposits. In December 2009, ABM Resources NL (ABM) purchased SEL 23659 from ATH. ABM explores the tenement for the potential of gold mineralisation. SEL 23659 is located approximately 33km SW of the Tanami Mine site and approximately 650 km northwest of Alice Springs. All previous exploration has been outlined in three preceding annual reports, which are listed in the bibliography. No on ground exploration was conducted during the ATH ownership. ABM reviewed and evaluated the exploration potential of the area but no on-ground exploration was conducted during the reporting period due to the sale of SEL 23659 from ATH to ABM; therefore this report covers nothing that was conducted during the reporting period.