Annual Report EL 26925 Goanna 2, Central Tanami Project from 25 January 2012 to 24 January 2013

Abstract

On 25 January 2011 EL 26925 (formerly SEL 26925) 'Goanna 2' was granted to Australian Tenement Holdings Pty Ltd (ATH) on trust for the beneficial owner, Tanami NT Pty Ltd (TNT). The tenement was transferred to TNT, a wholly owned subsidiary of Tanami Gold NL, on 10 February 2011. The tenement is located approximately 36 km west of Central Tanami Mine Site (Figure 1). TNT is exploring the tenement for gold. Exploration consisted of a drilling program comprising 10 RC holes for 1485m and collection of 1672 drill chip samples. The drilling at the Pablo prospect returned noteworthy gold anomalies from all holes confirming the magnitude and the extent of the historically encountered mineralisation. The gold assay results returned were generally modest with the exception of hole PGRC0338. Five holes were drilled on the drill fence comprising PGRC0338; which confirmed the existing model of a broad zone of south west dipping moderate to low grade mineralisation. Best gold assay result of 8.31g/t for a 1m sample came from a depth of 38m in hole PGRC0338. Follow up drilling is warranted.