EL 10335 Ninth annual report for the period ending on 14 August 2011

Abstract

Hartz Range Mines Pty Ltd relocated its head office to Perth, Western Australia and sought additional joint venture partners to continue with the promising targets that had been identified in previous field work. Lagoon Creek Resources Pty Ltd continued very limited operations on the Debbil Debbil Uranium Project in the southern part of the exploration lease during 2011. During this time, the Joint Venture agreement between Hartz Range Mines Pty Ltd and Lagoon Creek Resources Pty Ltd was dissolved. In the reporting period no results or detailed reports were received from Lagoon Creek Resources Pty Ltd in respect to the previous diamond drilling programme of nine holes which totalled 921.4 m. Redbank Copper Limited entered into a farm-in Joint Venture agreement with Hartz Range Mines Pty Ltd on 28 July 2011, to be known as the Wollogorang Joint Venture. Redbank Mines Limited envisaged continuing to explore the identified geological trends within their ERL 94 tenement into EL 10335, where Hartz Range Mines Pty Ltd had encouraging copper finds.