Annual report EL 27566 Spatha for the period 6 April 2010 to 5 April 2011

Abstract

EL 27566 Spatha is situated approximately 293km southeast of Halls Creek, in the north-western portion of the Tanami Desert. ABM Resources NL (ABM) was granted the tenement at 6 April 2010. ABM explores the tenement for the potential of gold mineralisation. The application for EL 27566 was pursued due to its strategic location on a geological trend between the Crusade Prospect to the north and the Groundrush deposits to the south. Its close proximity to the Crusade open pit and the renewed activity in the area by other explorers makes the tenement particularly prospective. The tenement remains geochemically poorly tested by the historical geochemical sampling and the assay data of a 567 PHRAB historical drill program which has to be sourced from public data once available. The stratigraphy includes the Nanny Goat Volcanics, which are the host for mineralisation at the Crusade and Kokoda prospects to the north. No exploration was conducted during the period from the 6 April 2010 grant date to the reporting date 5 April 2011; therefore this report covers nothing that was conducted during the reporting period.