Combined annual report MLS 119-133, 153, 167, 168, 180 Central Tanami Project from 1 January 2010 to 31 December 2010

Abstract

On 30 March 2010 the tenements compromising the Central Tanami Project (CTP) were acquired by Tanami (NT) Pty Ltd (TNT), a wholly owned subsidiary of Tanami Gold NL, from Otter Gold NL. (Otter), a wholly owned subsidiary of Newmont Asia Pacific. The CTP is located approximately 659km northwest of Alice Springs. Exploration in 2010 was undertaken by TNT only and consisted of an intensive Reverse Circulation and Diamond Core drilling campaign (295 holes for 49,801.07m) which commenced in May 2010 shortly after the acquisition was completed and Traditional Owner and Government approvals were received. The drilling represents the 2010 proportion of a major drilling campaign which is continuing in 2011.