Annual Report Golden Mile MLC 625 for the period 1 January 2014 to 31 December 2014

Abstract

The Golden Mile Project consists of a single Mineral Lease, MLC 625, within the Tennant Creek goldfields, on which there are historical workings but little exploration attention in recent decades. Reported past production at Golden Mile consists of 124.5 tons crushed, for 112.4 ounces of gold when the workings were held as GML 591 and GML 592. It is not known if there has been any further production since 1939. Western Desert Resources (WDR) picked up the tenement from Tennant Creek Gold (NT) Pty Ltd during its listing in 2007 and interest has been rekindled following recent good results reported in the Tennant Creek district and the high gold price. There has been no activity on the lease due to uncertainty with land access and the precise location of the lease. WDR assets were placed in administration during the reporting year. Further activity will be dependent on the outcome of corporate activity.