Annual Report MCC 1089, MCC 1090, MCC 1091, MCC 1092, MCC 1093, MCC 1094 and MCC 1095 for the period 2 June 2011 to 1 June 2012

Abstract

This report is the annual report for Mineral Claims 1089 to 1095 inclusive, which includes the 'Mystery' and 'M29' targets and are referred to collectively in this report as the 'M29/Mystery leases'. The M29/Mystery leases comprise seven mineral claims located 5km northwest of Tennant Creek township. They are prospective for Tennant Creek style gold and base metal mineralisation, indeed the Hidden Mystery historical works are contained within (but excluded from) the leases. Numerous magnetic surveys have been undertaken and a relatively minor amount of drill testing has been carried out over the leases. The best intersection to date has been 1m at 3.65 g/t Au at a depth of 52m at the Mystery prospect. During the reporting period WDR conducted a review of the historical data and determined that previous work has focused exclusively on ironstone bodies. WDR also formed the view that it is not only ironstone bodies that are prospective hosts for gold deposits in the Tennant Creek goldfield. WDR believes there is good potential for shear zone hosted mineralisation along strike from the Mary Lane Shear Zone. The likely association of this style of deposit with disseminated sulfides and the vast improvement in IP technology in recent years presents an excellent opportunity for identification of new targets and discovery of new deposits within the lease group.