McArthur Project Annual report 9 July 2010 to 8 July 2011 EL 27711 Kilgour River

Abstract

EL 27711 Kilgour Crossing was granted to Enigma Mining Limited on the 9 July 2010. Enigma is a wholly owned subsidiary of TNG Ltd. The licence forms part of TNG's McArthur River Project area together with EL 28503 and ELA 28509. All reference to work carried out by TNG Ltd or its subsidiaries will be referenced 'TNG' in this report. Exploration carried out on EL 27711 during the reporting year has mainly been of a regional nature. A full literature review was carried out on the historical data and reviews of the current geophysical data were undertaken. Quickbird imagery was obtained of the tenement area and a regional site reconnaissance mapping and sampling program was also undertaken. A comprehensive report on the geology and mineralisation within the tenement has been produced. The mapping programme generated areas within the tenement which require additional follow-up. Exploration will focus on Cu and Au anomalies.