EL 23459 Renner Springs Project Annual report for period 4 March 2010 to 3 March 2011 Year 8 and final report for EL 23459 for period 4 March 2003 to 3 March 2011 Year 1-8

Abstract

EL 23459 makes up the southern portion of OM (Manganese) Ltd's Renner Springs project area. The area has several occurrences of manganese mineralisation within its boundaries discovered during intensive base metal mineralisation during the 1980's. During the eighth year of its tenure, EL 23459 was subject to a 22 hole (1,526m) RC drill program and a 900m x 600m Gradient Array IP survey over the Carruthers Prospect. Over the 8 year term of EL 23459, exploration activity has included ground EM by original owner with hand held instrument, excavation of one costean, a helicopter borne SkyTEM survey, satellite imagery (Quickbird), two RC drill campaigns, a combined aeromagnetic and radiometric survey, aerial photography, regional geology mapping at 1:20,000 scale and prospect scale mapping at 1:4,000 scale of selected areas, and a gradient array IP survey over Carruthers prospect. EL 23459 is being replaced by SEL 28604 application, with the exception of two blocks located in the southwest corner which will expire on 3 March 2011.