ABM RESOURCES NL · In 1998 EL 8727 was originally granted to Otter Gold NL (Otter) which was taken...

ABM RESOURCES NL

ABN 58 009 127 020

ANNUAL & FINAL REPORT

EL 8727 ‘Peccadillo West ’

From 17 February 1998 to 02 February 2011

Holders: Australian Tenement Holdings Pty Operator: ABM Resources NL Author: J Rohde Date: April 2011 Contact: joe @abmresources.com.au Commodity: Gold Datum/Zone: GDA94/Zone 52 250,000 Mapsheet: The Granites (SF52-03), Tanami (SE52-15) 100,000 Mapsheet: McFarlane (4757), Pargee (4758) Distribution: ο NT DoR - digital ο Native Title Unit - Central Land Council (1) ο ABM Resources NL (1) File: jr24DoR Annual & Final R 2011 Peccadillo 8727

CONTENTS Page

1.0 SUMMARY ........................................................................................................................... 1

2.0 INTRODUCTION .................................................................................................................. 1

3.0 TENURE .............................................................................................................................. 1

4.0 GEOLOGY ........................................................................................................................... 2

4.1 Regional Geology ................................................................................................... 3 4.2 Local Geology ......................................................................................................... 3

5.0 SUMMARY OF EXPLORATION From Year 1 to Year 12 .................................................... 3

6.0 EXPLORATION In Year 13 .................................................................................................. 4

7.0 BIBLIOGRAPHY .................................................................................................................. 4

TABLES Table 1: Summary of Exploration Activities Table 2: Tenement Details FIGURES Figure 1 Tenement Location 1:250,000 Figure 2 Tenement Locality 1:100,000 PLATES Plate 1 Surface Sample Locations Plan on Regional Geology 1: 50,000 APPENDICES – DIGITAL FILE DESCRIPTION EL8576_03_2011_A_SSAssay Soil sampling type, location, assay results Third annual report for Peccadillo EL 8576 EL 8727 EL 8932 EL 8980 and EL 9476 17 February 2000 to 16 February 2001 Fourth annual report for Peccadillo EL's 8576 8727 8932 8980 and 9476 17 March 2001 to 16 March 2002 Northern Territory CR29845 Fifth annual report for Peccadillo EL's 8576 8727 8932 8980 and 9476 17 March 2002 to 16 March 2003 Northern Territory CR31080 Sixth annual report for Peccadillo EL's 8576 8727 8932 8980 and 9476 17 March 2003 to 16 March 2004 Northern Territory CR31401 Tanami Peccadillo Project Annual Report for EL8576 Peccadillo Central 1 for the period 3 Feb 2008 to 2 Feb 2009 CR34096 Tanami Peccadillo Project Annual Report for EL8576 Peccadillo Central 1 for the period 3 Feb 2009 to 2 Feb 2010 CR34773

ABM EL 8727 ‘Peccadillo West’ Final & Annual Report Y/E 02 April 2011 1

1.0 SUMMARY EL 8727 ‘Peccadillo West’ formed part of the Peccadillo project which compromised Exploration Licenses 8576, 8932, 8727. EL 8727, originally granted to Otter Gold NL (Otter) in1998, is located approximately 650 km northwest of Alice Springs and approximately 65km west of the Tanami Gold Mine (Figure 1). In 1998 EL 8727 was originally granted to Otter Gold NL (Otter) which was taken over by Newmont Asia Pacific (Newmont). Newmont transferred the tenement to its wholly owned subsidiary Australian Tenement Holdings Pty Ltd (ATH). In December 2009, ABM Resources NL (ABM) purchased a group of tenements from ATH including EL 8727. Over the thirteen year of tenure exploration was completed by Otter and ATH. It included a geological re-interpretation and surface sampling. Two elevated results 0.6ppb and 0.4ppb were returned from the first (2000) systematic surface sampling program which were followed up by a closer spaced systematic program (2001), which returned no significant assay values (at best 0.2ppb from sample 1007029 and 1007041). In the thirteenth and last year of tenure no exploration was conducted neither by ATH or ABM due to the change of ownership. A summary of exploration is listed in Table 1. Table 1: Summary of Exploration Activities Activity Details Rock Chip Sampling 1 sample in 2000, Soil Sampling 126 samples in 2000, 81 samples in 2001

2.0 INTRODUCTION EL 8727 formed part of ATH’s Peccadillo project which originally encompassed Exploration Licenses 8576, 8727, 8932, 8980 and 9476 in 1998. EL 8727 is located on The Granites and Tanami 1:250 000 map sheets and on the McFarlane (4757) and Pargee (4758) 1:100 000 map sheets, approximately 650 km northwest of Alice Springs and approximately 65km west of the Tanami Gold Mine. Access is by air or via the Tanami Highway and a network of pre-existing and newly formed tracks (Figure 1). This is the combined Final and Annual report for the period 17 February 1998 to 2nd February 2011. 3.0 TENURE EL 8727 – ‘Peccadillo West’ – was original granted to Otter Gold NL on 17 February 1998. In 2002/3 Normandy NFM/Newmont acquired Otter and the tenements were

Bloodwood Bore

Century BoreBULLOCKSHEAD LAKE

LAKESARAH

Claypan Well

Question Mark Bore

400

400

7 760ooo mN

7 780ooo mN

540 ooo mE

560 ooo mE

7 800ooo mN

540 ooo mE

500 ooo mE

7 800ooo mN

520 ooo mE

500 ooo mE 520 ooo mE

7 760ooo mN

7 780ooo mN

560 ooo mE

Tanami Mine

B.MastagliaJ.RohdeORIGINATOR: DATE: DRAW

PECCADILLO

TENEMENT LOCATION

April 2011Figure 1

MGA Zone 52 (GDA94) kilometres1 : 250,000

5 0 5 10 20

N:

EL8727

ABM RESOURCES NL

PLAN No: TAN_BO_1_0_008


consequently transferred to Australian Tenement Holdings Pty Ltd. a wholly owned subsidiary of Newmont Asia Pacific (Newmont). In December 2009 ABM purchased a group of tenements from ATH including EL 8727. The tenement outline is shown on Figure 2. The tenement details are shown in Table 1. Table 2: Tenement Details – EL 8727

Tenement No

Tenement Name

Date Granted

Expiry Date Blocks Km² Covenant

EL 8727 Peccadillo West

17 Feb-98 16-Feb-11 6 19.35 $15,000

As ABM applied for a new SEL (28328) which covers the ground of EL 8727 the old tenement was left to expire on its thirteen’s anniversary date. 4.0 GEOLOGY 4.1 Regional Geology (from Eisenlohr, M., 2010) The Granites-Tanami Goldfield lies in the eastern part of the Early Proterozoic Granites-Tanami Inlier, which is part of the Northern Australian Orogenic Province (Plumb, 1990). The Inlier abuts the Arunta Complex to the south and east and is probably a continuation of the Halls Creek Orogen in Western Australia (Hendricks et al., 2000). It underlies younger cover sequences including the extensive Paleozoic Wiso Basin on its northeastern margin, and the Victoria River Basin to the north. To the west clastic sedimentary rocks of the Middle Proterozoic Birrindudu Basin overlie and separated the Inlier from the similar aged rocks of the Halls Creek Province. The oldest rocks of the Tanami region belong to the Billabong Complex, a suite of Archean age gneiss and schist. These are unconformably overlain by the Proterozoic MacFarlanes Peak Group (mafic volcanic and volcaniclastic rocks), followed by a thick succession of clastic sediments of the Tanami Group (Hendricks et al., 2000). A suite of syn- to post-deformation dolerites and gabbros are found intruding both the MacFarlane Peak and Tanami Groups. Complex polyphase deformation during the Barramundi Orogeny (1845-1840Ma) has affected the entire Granites-Tanami Inlier. It appears to have been largely controlled by two sets of regional scale fundamental crustal fractures that trend NNE and WNW. This is evidenced by the orientation of successive phases of macroscopic folding in the region and the consistent sympathetic trends of late tectonic faults. Peak metamorphism during the Barramundi Orogeny reached amphibolite facies (Granites Gold Mine), but is more generally greenschist facies through the Inlier (Callie Gold Mine). Contact metamorphic aureoles, commonly identified in politic schist units by randomly orientated andalusite porphyroblasts, are well developed at the margins of the syn- and post-orogenic granite plutons.

TENEMENT LOCALITYEL 8727

Figure 21 : 100,000

metres

0 2000 4000 6000

MGA Zone 52 (GDA94)

ORIGINATOR:J.Rohde

PECCADILLODATE: DRAWN:

B.MastagliaApril 2011



Localised extension followed, forming small basins, that filled with shallow marine sediments to the west (Pargee Sandstone) and pillow basalts and turbiditic sediments to the east (Mt Charles Formation). Following the period of extension, widespread granite intrusion and volcanism followed in the period 1830 – 1810 Ma. At least three suites of granitic intrusives and two volcanic complexes are present. The last intrusion of (undeformed) granite occurred at around 1800 – 1795Ma, with the intrusion of The Granites Suite (Hendrickx et al, 2000). Residual hills of gently folded Carpentarian Gardiner Sandstone unconformably overlie Early Proterozoic lithologies. Younger flatlying Cambrian Antrim Plateau Basalts are also preserved as platform cover in areas protected from erosional stripping. Tertiary drainage channels, now completely filled with alluvial and lacustrine clays and calcrete are a major feature of the region. Some drainage profiles are 10 km wide and greater than 100m deep. A desert terrain comprising transported and residual colluvial cover sediments and aeolian sand blanket a large portion of the Inlier, with an estimated outcrop exposure of less than 10% of the early Proterozoic lithological units. Gold mineralisation within the former ATH tenement holdings is dominantly hosted by the Tanami Group, a sequence of fine to medium-grained turbiditic metagreywackes with lesser amounts of metapelite, carbonaceous siltstone and schist, banded ironformation, chert and calcsilicates. (Hendrickx et al, 2000). Owing to their more resistant nature, only the cherts and iron-formations and associated interbedded graphitic schists tend to outcrop above the sand plain. The interlayered pillow basalts and sediments of the Mt.Charles Formation at the Tanami Mine deposits also host significant gold mineralisation. 4.2 Local Geology The geology in the Peccadillo project tenements comprises Tanami Group stratigraphy and younger unconformable Pargee Sandstone to the East. EL 8727 is interpreted to be underlain by the Dead Bullock (Att) stratigraphy in the SE half and Killi Killi (Atk) stratigraphy in the NW half. Peccadillo lies approximately 5km north of the WNW-ESE trending Trans-Tanami Shear Zone. 5.0 SUMMARY OF EXPLORATION FROM YEAR 1 TO YEAR 12 In the first twelve years of tenure exploration was carried out by Otter and ATH. All surface sample data is digital appended. All sample locations are shown on Plate 1. 1998 - 1999 During the first year of tenure (1998) exploration delays were encountered with arranging and conduction sacred site clearances within the former project area. Clearance procedures were completed with the expectation of commencing work in the 1999 field season. Geophysical Surveys and interpretation were completed. 1999 - 2000 Second year of tenure (1999) work programs included a regional helicopter surface sampling program (400m x 800m).


2000 - 2001 A systematic infill programme of surface samples was completed at the “Little Pecca” prospect area to follow up two elevated sample assay returns {0.6 and 0.4ppb Au, (generated from 400x400 sampling in Jan 2000)}. A total of 81 samples were collected, on a 100m x 100m grid. The predominant sample material taken was orange brown, sandy loam over flat country. The samples were sieved with the ¼” sieve and taken at a depth of approximately 25 centimetres. Minor pisolites and laterite were noted. No significant results were returned from this programme. The rock chip sample assay value returned was 0.018ppm. 2001 - 2002 No fieldwork was carried out on EL 8727 during the period from 17 March 2001 to 16 April 2002. Work continued in the project region remotely, with the geophysical data undergoing the Fractal graphics multi-scale edge analysis technique. The resulting data was analysed for potential targets. 2002 – 2003 No fieldwork was carried out on EL 8727 during the period from 17 March 2002 to 16 April 2003 due to the takeover of Otter Gold NL by Normandy NFM/Newmont. 2003 – 2004 No fieldwork was carried out on EL 8727 during the period from 17 March 2003 to 16 April 2004. Regional data review and interpretation continued. 2004 – 2010 No fieldwork was carried out on EL 8727. All previous annual reports available are digital appended. All eight previous annual reports are mentioned in the bibliography 6.0 EXPLORATION IN YEAR 13 In the thirteenth and last year of tenure no exploration was conducted neither by ATH or ABM. Due to a review of all the newly acquired ATH tenements ABM focused its exploration activities on other tenements of the newly acquired tenement group. 7.0 BIBLIOGRAPHY Blake, D.H., Stewart, A.J., Sweet, I.P., & Hone, I.G., 1987. Geology of the Proterozoic Davenport Province, Central Australia. Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 226. Burgess, H & Mohammed, L., 1ST Annual Report for EL's 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 1999. Otter Gold NL NTDME Annual Report


Burgess H., and Mohammed L., 2nd Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 – Peccadillo 17 March 1999 – 16 March 2000. Tanami Region NT. Otter Gold NL. Dean, A., 2001. Igneous rocks of the Tanami Region. Northern Territory Geological Survey, Record 2001-003. Eisenlohr, M., 2009; Annual Report for EL8576 - Peccadillo Central 1 for the period 03/02/2008 to 02/02/2009. Australian Tenement Holdings Pty. Ltd / Newmont CR34096 Eisenlohr, M., 2010; Annual Report for EL8576 - Peccadillo Central 1 for the period 03/02/2009 to 02/02/2010, ‘Peccadillo’ Project, CR3434773. Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13. Hodgson, C.J., 1975. Tanami Northern Territory, 1:250,000 Geological Series: Explanatory Notes. Mohammed, L., 3rd Annual Report for EL's 8576,8727, 8932, 8980 and 9476 -Peccadillo, Year Ending 16th February 2001. Otter Gold NL NTDME Annual Report. Muir, M., 4th Annual Report for EL’s 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2002. Otter Gold NL NTDME Annual Report. Muir, M., 5th Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2003. Otter Gold NL NTDME Annual Report Muir, M., 6th Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 - Peccadillo, 17th February 2003 to 16th February 2004. Otter Gold NL NTDME Annual Report. Plumb, K.A. 1990. Halls Creek Province and The Granites-Tanami Inlier – regional geology and mineralisation, in Geology of the Mineral Deposits of Australia and Papua New Guinea (Ed F.E. Hughes) pp 681-695 (The Australasian Institute of Mining and Metallurgy: Melbourne). Shaw, R.D., Stewart, A.J., & Black, L.P., 1984. The Arunta Inlier: A complex Ensiatic Mobile Belt in Central Australia. Part 2: Tectonic History. Australian Journal of Earth Science, 31, pp 457-484.

530,000 mE525,000 mE 535,000 mE7,

785,

000

mN

7,79

0,00

0m

N7,

795,

000

mN

7,80

0,00

0m

N7,

780,

000

mN

510,000 mE505,000 mE 515,000 mE 520,000 mE

0 2.5

kilometres

Plg

Ptt

Pgm

EL8727

Surface SamplesROCK (1)SOIL (207)

BILLILUNA TANAMI

LUCAS THE GRANITES

(relationships uncertain)

Àtsl -

Contact unkn.

Fault

felsic & mafic gneiss, granite,migmatite & amphibolite

Upper Dead Bullock Formation (Callie Member) - siltstone, Fe-shale, chertLower Dead Bullock Formation (Ferdies Member) - Fe-sandstone, siltstone

interbedded coarse sandstone and greywacke

sandstone, greywacke, siltstone (turbidite sequences) chert memberssiltstone dominated bedsinterbedded greywacke dominant and siltstone

interbedded greywacke & siltstone - abundant intercalated mafics (high mag)

Upper Stubbins Formation (Bald Hill Sequence)siltstone, basalt & numerous dolerite sills

Lower Stubbins Formation

interbedded greywacke & siltstone - greywacke dominant (low mag)

Century FormationWilson Formation

Pargee Sandstoneconglomerate, sandstone, siltstone

Mount Winnecke Formation - rhyolite, dacite, porphyry, volcanics, basalt, sandstoneNanny Goat Volcanics - ryholite volcanics, basalt ,sandstone

Au -

Arb -

Archaean Basement (undiff)

Billabong Complex (2570Ma)

sandstone, siltstone, basalt - (position uncertain)

Àtsl

Au

Arc

hean

Arb

Àwn -

Àlg -

Àww -Àwc -Àwl -

Àtdh -Àtdl -

Àtdc -Àtdf -

Àtsb -

Àtks -Àtkg -Àtkc -

Àtk

Àtkg

Àtkc

Àtks

Àlg

Àc

Àww

Àwn

Àwc

Àwl

Àtdc

Àtdh

Àt

ÀtdlÀtt

Àtdf

Àtsb

Tana

miR

egio

nS

edim

enta

ryB

asin

Seq

uenc

es

Pal

aeo-

Pro

tero

zoic

Low

erM

id-U

pper

Antrim Plateau Basalts

Àd

Àdg - Gardiner SandstoneÀdg

Ála -Ála

Sed

imen

tary

Bas

inS

eque

nces

(Cov

er)

Neo-Prot

Meso-Prot

Pha

nero

zoic

B.MastagliaJ.RohdeORIGINATOR: DATE: DRAW

PECCADILLO

Surface SampleLocations on Geology

April 2011Plate 1

MGA Zone 52 (GDA94) kilometres1 : 50,000

N:

EL8727

ABM RESOURCES NL


0 2.5 5

OTTER GOLD NL

3RD ANNUAL REPORT FOR PECCADILLO

EL8932, EL8576, EL8727, EL8980 & EL9476

TANAMI REGION

NORTHERN TERRITORY AUTHOR: L MOHAMMED DISTRIBUTION: NT DEPARTMENT OF MINES & ENERGY OTTER GOLD NL

TABLE OF CONTENTS

1.0 INTRODUCTION............................................................................................................. 1

1.1 Location and Access ....................................................................................................... 1 1.2 Tenement Status.............................................................................................................. 1

2.0 GEOLOGY ....................................................................................................................... 2

2.1 Regional Geology ........................................................................................................... 2 2.2 Local Geology................................................................................................................. 4

3.0 WORK COMPLETED 17-02-00 TO 16-02-01 ................................................................ 5

3.1 Surface Sampling ............................................................................................................ 5 3.1.1 Maximus Soils.......................................................................................................... 5 3.1.2 EL8932 - Reduced Exclusion Area ........................................................................... 5 3.1.3 “Little Pecca” – EL8727........................................................................................... 6

3.2 Drilling ........................................................................................................................... 6 3.2.1 Posthole ................................................................................................................... 6 3.2.2 RAB Drilling............................................................................................................ 6

3.3 Rockchips ....................................................................................................................... 7 4.0 EXPENDITURE ............................................................................................................... 8 5.0 PROPOSED 2001/02 WORK PROGRAM AND EXPENDITURE................................ 8 6.0 REFERENCES ............................................................................................................... 10

LIST OF FIGURES Figure 1 Tenement Location Plan Figure 2 Regional Geology (Hendrix et al, 2000) Figure 3 EL8932 - Maximus Soil Samples Figure 4 EL8932 - Maximus Soil Results Figure 5 EL8932 – Regional Soil Samples Figure 6 EL8932 – Regional Soil Results Figure 7 EL8932 – Infill Soil Samples Figure 8 EL8932 – Infill Soil Results Figure 9 EL8727 – Infill Soil Samples Figure 10 EL8727 – Infill Soil Results Figure 11 Posthole Collars Figure 12 Angled RAB Collars Figure 13 Maximus Geology Figure 14a-d Rock chips LIST OF TABLES Table 1 Comparison of stratigraphic nomenclature (Hendrix et al, 2000). Table 2 Summary of Surface Sampling Table 3 Drilling Summary Table 4 Expenditure for 17th February 2000 – 16th February 2001 Table 5 Proposed versus Actual Budget Table 6 Proposed Expenditure 2000-2001 DIGITAL DATA - (TAB delimited txt files) EL8932_COLLARS.TXT EL8932_GEOLOGY.TXT EL8932_ASSAYS.TXT EL8932_SOILS_COLLARS.TXT EL8932_SOILS_ASSAYS.TXT EL8932_ROCKCHIPS.TXT EL8576_COLLARS.TXT EL8576_GEOLOGY.TXT EL8576_ASSAYS.TXT EL8727_SOILS_COLLARS.TXT EL8727_SOILS_ASSAYS.TXT Geological Logging Code_v3.0.xls Soil Logging Codes.xls

Peccadillo 3rd Annual Report – EL8576, EL8727, EL8932, EL8980 & EL9476

F:\09 Management\9.16 Annual Reports\OGNL\Peccadillo3rdAnnRpt\Peccadillo 3rd Annual Report.doc 1

1.0 INTRODUCTION This report summarizes exploration work undertaken by Otter Gold NL during the third license year for Exploration Licenses 8576, 8727, 8932, 8980 and 9476. Ongoing tenure of the land means that the detail contained within this report should remain restricted and not available to the general public. The Peccadillo Deed (15/12/97) encompasses Exploration Licenses 8576, 8727, 8932, 8980 and 9476, which were granted on 17th February 1998. The total area covers 238km2 and is wholly owned by Otter Gold NL (100%).

1.1 Location and Access The Peccadillo exploration licences are situated approximately 60 km west of the Tanami Mine Site and approximately 10km west of ML180 where mineral resources have recently been mined at Beaver Creek, Bonsai, Banjo, Cheeseman and Orion (Figure 1). Together these leases cover 260 square kilometres (81 blocks). Primary access is via the Tanami Road and the Wilson’s Track.

1.2 Tenement Status Collectively referred to as Peccadillo, Exploration Licences 8576, 8727, 8932, 8980 and 9476 were granted to Otter Gold NL (100%) on 17th February 1998 for six years.



2.0 GEOLOGY

2.1 Regional Geology The Granites-Tanami Block is bound to the west by the Canning Basin, and to the east by the Wiso Basin. It is considered to be one of the western-most Palaeoproterozoic inliers of the North Australian Orogenic Province, developed during the Barramundi Orogeny (Blake et al., 1979). The stratigraphy of the Tanami Region has been revised as a result of an intensive study completed by the NTGS in 1999-2000. The stratigraphy outlined by Blake et al (1979) has had some significant modifications (Table 1). Table 1. Comparison of stratigraphic nomenclature (Hendrix et al, 2000). Blake et al (1979) Hendrix et al (2000)

Coomarie Sandstone Coomarie Sandstone

Talbot Well Formation Talbot Well Formation

Birrindudu Group

Gardiner Sandstone

Birrindudu Group Gardiner

Sandstone

Suplejack

Downs Sandstone

Suplejack Downs Sandstone Mount Winnecke Pargee Sandstone

Nanny Goat Creek Volcanics Mount Winnecke Group Pargee Mount Charles Formation Sandstone Tanami Group

Killi Killi Formation Twigg Formation Dead Bullock Formation

Tanami Complex

Mt. Charles Beds

Killi Killi Beds

Nanny Goat Creek Beds

Nongra Beds

Helena Creek Beds

MacFarlane Peak Group Archean

Browns Range Metamorphics “Billabong Complex”

The revised stratigraphy describes the oldest rocks of Archean age belonging to the Billabong Complex and the Browns Range Metamorphic's. The Browns Range Metamorphic’s are exposed on the southern margin of the Browns Range Dome. The rocks comprise granitic gneiss and muscovite schist intruded by fine-grained granite, thin granitic sills, aplite and pegmatite. The Billabong Complex has been intercepted in drill core at the Granites mine and has been noted to outcrop in Mount Solitaire. The rocks comprise of banded granitic gneiss, which are generally elongated and fault bound. Lying unconformably above the Archean basement is the palaeoproterozoic MacFarlane Peak Group. These rocks are characterised by a thick sequence of mafic volcanic, volcaniclastic and clastic sedimentary rocks, which possess a distinctive magnetic and gravity signature. They occur around the southern, eastern and western margin of the Frankenia dome, along the southern margin of the Coomarie dome and at MacFarlanes Peak Range. This package of rocks is structurally complex and is considered to have a tectonic contact with the overlying Tanami Group.



The Tanami group is subdivided into three formations: Dead Bullock Formation: siltstone, mudstone, chert and banded iron formation Killi Killi Formation: turbiditic sandstone Twigg Formation: purple siltstone with minor sandstone and chert The Dead Bullock Formation occurs at the base of the Tanami Group and is dominated by fine-grained sedimentary rocks. The rocks outcrop at Dead Bullock Soak, Lightning Ridge and Officer Hill. At the Granites the rocks have been metamorphosed to amphibolite facies to form andalusite, garnet and hornblende bearing schists. The Dead Bullock formation is host to significant gold mineralisation at the Granites and Dead Bullock Soak. The Killi-Killi Formation conformably overlies the Dead Bullock Formation and is the most extensive formation in the group. The sequence of turbidites includes a variety of lithologies ranging from micaeous greywacke, quartzwacke, and lithic greywacke to quartz arenite and lithic arenite, interbedded with siltstone, mudstone and occasional thin chert beds. Detrital mica is a characteristic feature of the poorly sorted sandstone, which indicates a granitic provenance. The Killi-Killi is metamorphosed to lower greenschist facies. East of the Granites Goldfield the rocks have a strong schistose fabric representing amphibolite facies metamorphism. The Killi-Killi formation is interpreted to be up to 4km thick and has a low magnetic response. The Twigg formation has been included in the Tanami Group based on the structural similarities with the Killi-Killi and Dead Bullock Formation. The Twigg formation is confined to a narrow package of rocks immediately west of the Tanami Mine corridor. The Twigg formation comprises a sequence of interbedded purple siltstone with thin-bedded chert and minor medium bedded greywacke. Chert beds are thin bedded or banded, white or red and occasionally contain nodules similar in for to those in the Dead Bullock Formation. The relationship between the other Tanami Group rocks is uncertain as the boundaries are fault controlled but a lateral or distal equivalent is inferred. The Pargee Sandstone unconformably overlies the Tanami Group and is exposed on the western side of the Coomarie Dome extending into Western Australia. The Pargee Sandstone comprises thick-bedded quartz arenite, lithic arenite and conglomerate with pebbly sandstone and conglomerate at the base. Clasts are generally subangular to subrounded and comprise vein quartz, greywacke and siltstone derived from Killi-Killi and jasper. Mount Charles Formation comprises an intercalated package of basalts and turbiditic sediments, which occurs on the western side of the Frankenia Dome. The Mount Charles Formation are host to structurally controlled vein hosted gold mineralisation in the Tanami Mine Corridor. The package is well exposed in the open pits along the mine corridor, but outcrop is confined to small isolated silicified exposures. The sediments include sandstone, mudstone, carbonaceous mudstones and intraclast conglomerate. The basalts are predominantly massive units with pillow basalts and basaltic breccias also evident. The Pargee Sandstone and Mt Charles Formation are considered to be of similar age but deposited in different tectonic environments. The Mount Charles Formation are inferred to have been deposited in a narrow continental rift setting. The Pargee sandstone is interpreted to have been deposited in a shallow marine environment, initially under high-energy conditions. The Mt Winneke Group is interpreted to lie unconformably over the Tanami Group. This group is divided into two units including siliclastic sediments and felsic volcanics. The clastic sediments comprise coarse grained, poorly sorted quartz sandstone and gritstone. Pebble horizons are common and the primary lithic component is felsic volcanic material. The felsic volcanic rocks consist of purple, weathered feldspar-quartz porphyry.



The Nanny Goat Volcanics are characterised by extrusive volcanic rocks including quartz-feldspar ignimbrite, feldspar ignimbrite, rhyolite lava, basalt and minor siliclastic sediments. These rocks outcrop in the vicinity of Nanny Goat Creek, east of Suplejack Downs and Birrindudu. These rocks were deposited in predominantly sub aerial conditions and may be intimately associated with the Mt Winneke Group. The Birrindudu group comprises 3 units with Gardiner Sandstone at the base, overlain by Talbot Well Formation and Coomarie Sandstone. The Suplejack Down sandstone is interpreted to belong to this group but is relationship is unclear. The Birrindudu group lie unconformably over the Browns Range Metamorphic’s, MacFarlane Peak Group, Tanami Group, Pargee Sandstone, Nanny Goat Creek Volcanics and Mount Winnecke Group. Gardiner Sandstone: medium to thick bedded sublithic to lithic arenite and quartz arenite. Talbot Well Formation: stromatolitic chert, sublithic arenite, quartz arenite, laminated siltstone,

shale and minor limestone. Coomarie Sandstone: sublithic arenite and minor quartz arenite Suplejack Down Sandstone: Thick-bedded medium to coarse grained quartz arenite and sublithic

arenite The Cambrian Antrim Plateau Volcanics consist of intensely weathered basalt capped by pisolitic laterite. The basalts are mainly sub-aerial, extrusive basalts, although the occurrence of pillow structures south of Browns Range Dome suggests that some basaltic extrusion occurred in sub-marine conditions. Unnamed Cambrian sediments are also observed in the Tanami region. These include chert, and carbonates, which are more prevalent in Western Australia. Cainozoic laterite, silcrete, calcrete, and Quaternary debris cover 60 – 70% of the Tanami Desert. The Quaternary sediments are generally unconsolidated, representing the most recent phase of erosion and deposition of sands, gravels and lithic fragments.

2.2 Local Geology The geology in the Peccadillo tenements comprises of Tanami Group Killi Killi Beds and younger unconformable Pargee Sandstone (figure 2). Outcropping Pargee Sandstone dominates the eastern side of the lease area, whereas the flat lying western side is interpreted to be Killi-Killi stratigraphy. The Killi Killi stratigraphy in EL8576 and the SW half of EL8576 in interpreted to be underlain by the Browns Range Metamorphics. The Browns Range metamorphic basement is wedge shaped, controlled on the eastern side by a N-S trending structure. The western margin is controlled by a NE trending structure. A magnetic granite lies approximately 4km from the NW boundary of the tenements. On the SW margin of the granite, probably within the metamorphic aureole, lies NE trending dolerite dykes. The structural setting of the Peccadillo area has also been interpreted from the regional 1:250000 Geological Map Sheets and aeromagnetics. Peccadillo lies approximately 5km north of the WNW-ESE trending Trans-Tanami Shear Zone. The Peccadillo area has a very low magnetic response due to the predominance of the non-magnetic Killi Killi and Pargee sediments. Within the centre of the lease area there are two NW trending zones with slightly higher magnetics, both of which lie underneath Quaternary sand cover. Outcropping Pargee Sandstone is folded into a series of NW-SE trending antiforms and synforms, which plunge to the NW.



3.0 WORK COMPLETED 17-02-00 TO 16-02-01

3.1 Surface Sampling Table 2. Summary of Surface Sampling Prospect Sample Type Sample Numbers Total Samples EL8932 Maximus Infill -1/4” 978001 – 979099 1088 (+ 11

standards EL8932 Regional Soils -200 micron 1001952-1001998 46 (+ 1 standard) EL8932 Infill Soils -200 micron 1006303 – 1006390

(samples 1006354-1006356 not taken due to ridge

85 (+ 1 standard)

EL8727 Little Pecca -1/4” 1007001-1007082 81 (+ 1 standard) Total 1300 3.1.1 Maximus Soils Soil samples were collected at the Maximus prospect in an attempt to further define the surface Au anomaly. Sampling was completed on a 25x100m grid pattern, infilling between an earlier programme (100x100m grid completed in Nov/Dec 1999 - refer to 2nd Annual Report). The previous sampling programme at Maximus defined a NE trending anomaly with highs of 28.1, 11.3 and 8.2ppb Au. A total of 1088 samples (-1/4” mesh) were collected with the following sample numbers 978001 – 979099 (figure 3). A low level standard was inserted every 100 samples. Results of this programme include highs of 872, 712, 356, 237, 234, and 168ppb Au (figure 4). The NNE trending anomaly was further defined over a strike length of approximately 1.5km. A cluster of high-grade anomalism is present on the western side of the sampling area and there is also evidence for a NNW trending mineralised structure. 3.1.2 EL8932 - Reduced Exclusion Area A regional surface sampling programme over the newly reduced Exclusion Zone Area was completed in early November 2000. The survey was conducted on 500m x 500m grid pattern with the use of the helicopter. A total of 46 samples (-200 micron) were taken with the following sample numbers 1001952-1001998 (figure 5). The topography was dominated by a N-S trending ridge which is flanked by sloping plains. The sample medium noted was between orange brown sandy loam and cream - brown silty loam. The programme produced a NW trending anomaly in the north-western corner of the grid with highs of 0.5, 0.6 and 0.7ppb Au (figure 6). This anomalism was infilled down to 400m x 50m spaced sampling in mid November 2000. A total of 85 samples (-200 microns) were taken with the following sample numbers 1006303 – 1006390 (figure 7). Quartz float was noted, with the majority of anomalism associated with rock fragments. A high 45ppb Au was returned on the western side of a “Pargee sandstone” ridge (figure 8). An anomaly trending north-south was discerned and is coincident with the change between a magnetic high (moderate) and an area that is magnetically low. There is also north west component to the anomalism. There appears to be similarities with the Maximus prospect.



3.1.3 “Little Pecca” – EL8727 A small programme of surface samples was completed to follow up 0.6 and 0.4ppb Au high (generated from 400x400 sampling in Jan 2000 – refer to 2nd Annual Report). A total of 81 samples were collected, on a 100X100m grid, with the following sample numbers 1007001-1007082 (figure 9). The predominant sample taken was orange brown sandy loam over flat country. The samples were sieved with the ¼” sieve and taken at a depth of approximately 25 centimetres. Minor pisolites and laterite were noted. No significant results were returned from this programme (figure 10).

3.2 Drilling Table 3. Drilling Summary RAB Drilling Posthole Drilling EL8932 PCRB001-039 (3094) PCPH001-005

PCPH008-014 (310m) EL8576 PCPH006-007 (39m) 3.2.1 Posthole A walkabout posthole program was completed to investigate the local geology and regolith profile (Figure 11). Fourteen holes were drilled, PCPH001-014, for a total of 349m. PCPH014 was drilled as a toilet hole for the Maximus fly camp. PCPH009 was terminated at 9m due to a collar blow out. EL8932 PCPH001-005 310m PCPH008-014 EL8576 PCPH006-007 39m The geology comprised interbedded sandstones with siltstone and was primarily logged as Killi-Killi stratigraphy. However, PCPH 004 was logged as Pargee Sandstone. Quartz veining was present in holes PCPH 001 and 002. The depth of cover was relatively shallow on the western portion of the project area whilst much thicker to the east. Postholes PCPH 008-012 revealed sand cover to an average of 30 metres. 3.2.2 RAB Drilling Thirty-nine angled RAB holes (PCRB001-039) were completed at the Maximus prospect with a total of 3094m (figure 12). The holes varied in depth from 49-120m. The initial RAB fence was planned to target a NE trending ZARG anomaly with a high of 8.2 ppb Au and rock chip results of 2.9 g/t and 83 g/t Au. PCRB011 was drilled perpendicular to the fence to intersect the 2.9 g/t Au rock chip collected from a northwesterly trending quartz vein. A further 5 fences were drilled to test the northeast orientated veins. Three fences were drilled to test the northwest trending vein sets. Significant results intercepted are follows: PCRB001 2.00m @ 0.58 g/t Au (38-40m) PCRB008 4.00m @ 1.66 g/t Au (30-34m) PCRB008 2.00m @ 0.51 g/t Au (36-38m) PCRB008 4.00m @ 0.54 g/t Au (44-48m) PCRB010 2.00m @ 8.18 g/t Au (8-10m) PCRB013 8.00m @ 2.28 g/t Au (12-20m) PCRB013 2.00m @ 0.84 g/t Au (32-34m) PCRB013 2.00m @ 0.68 g/t Au (62-64m)



PCRB017 2.00m @ 1.43 g/t Au (8-10m) PCRB020 2.00m @ 0.51 g/t Au (22-24m) PCRB020 4.00m @ 0.83 g/t Au (26-30m) PCRB027 2.00m @ 0.50 g/t Au (34-36m) PCRB028 2.00m @ 2.27 g/t Au (12-14m) Results of the RAB drilling were disappointing as the significant intercepts were generally low grade and narrow. The broad zone of mineralisation intercepted in PCRB013, 8m @ 2.28 g/t Au (12-20m), was not continuous along strike. In mid-June, a small mapping and rock chip sampling program was undertaken to determine the orientation of mineralised quartz veins. Figure 13 shows the geology, structure and significant gold results of the Maximus area. The geology consists predominantly of a highly fractured, massive, fine- to medium-grained, grey to pink-grey quartz sandstone. Thin, marker beds of conglomerate, 10cm to >1m wide, are interbedded with the sandstone and have been shown on the map. The conglomerate is grey, polymictic (cherty siltstone and siltstone clasts up to 5cm long), clast to matrix supported. Bedding trends north-easterly with moderate to steep south-westerly dips. In several areas the sandstone is weakly foliated or displays a strong cleavage. Small mica-bearing, shear zones are developed near the sandstone/siltstone contacts. The south eastern map area consists predominantly of siltstone. The interbedded sandstone and siltstone unit trends north and northeast, and in one area is tightly folded. Large (>30 cm wide), milky white quartz veins in the sandstone unit trend NW and NNE. Several of the veins are gently folded and “blowouts” occur on the hilltops. The sandstone is brecciated adjacent to many of the large quartz veins. Several different orientations of late-stage quartz veinlets crosscut the larger quartz veins, however, from rock chip results it appears that these are not mineralised.

3.3 Rockchips Ninety-nine rockchip samples were collected in EL8932 during the reporting period. The majority of these samples were collected at the Maximus prospect (figure 14a-b). The highest results include 1.2g/t, 1.3g/t, 2.9g/t, 2.3g/t and notably 83g/t Au, which was taken from a quartz vein proximal to the collar of PCRB013. Rockchips were collected on a reconnaissance of the previous exclusion zone area (figure 14c) and one sample taken in the SW corner of EL8932 (figure 14d).



4.0 EXPENDITURE The total expenditure for the Peccadillo group of licences was $210,345. Table 4. Expenditure for 17th February 2000 – 16th February 2001 EL8727 EL8980 EL8576 EL8932 EL9476 Geology $755 $874 $755 $985 $874 Geophysics $879 $879 $879 $949 $879 Geochemistry $1760 $0 $0 $8078 $0 Surveying $0 $0 $0 $0 $0 Drilling $0 $0 $567 $50034 $0 Assays $744 $0 $110 $23103 $0 Field Costs $948 $573 $1592 $19167 $162 Administration $1008 $1069 $844 $6058 $502 Salaries and Wages

$9077 $9619 $7592 $54517 $4513

Total $15171 $13014 $12339 $162891 $6930 The proposed budget expenditure for this year was $77,322 (refer to the 2nd Annual Report). The table below details the proposed versus actual expenditure for the year. Actual spending on Peccadillo was nearly three times the proposed budget. The majority of the budget was spent on the Maximus prospect in EL8932. Table 5. Proposed versus Actual Budget EL8727 EL8980 EL8576 EL8932 EL9476 Proposed Budget 2nd Annual Report

$7840 $14167 $13680 $34450 $7185

Actual Budget Feb 00 to Feb 01

$15171 $13014 $12339 $162891 $6930

5.0 PROPOSED 2001/02 WORK PROGRAM AND EXPENDITURE The discovery of Au mineralisation at Maximus has stimulated interest in the area, which is now considered to be reasonably prospective. There is no further work anticipated at the Maximus prospect at this stage. A cluster of high soil sample results (872, 712 and 235ppb Au), towards the west of Maximus, remains untested by drilling. Further work is anticipated to follow up this anomaly. Ground reconnaissance is anticipated to follow up the anomalism defined in the infill sampling completed in the NW of the old exclusion zone. Interpretation of the aeromagnetics suggests there may be dolerites within the Killi Killi stratigraphy in the southern part of EL8932. There is also a low level anomaly associated with magnetic units, and this has been targeted for follow up. The magnetic and gravity data is currently being modelled in 3 dimensions to define regional targets. It is anticipated that a couple of these targets will fall within the Peccadillo tenements and will require follow up.



The proposed program and expenditure commitment for the group of tenements is $57,900 and is summarised in Table 6. TABLE 6: PROPOSED EXPENDITURE 2000-2001 FOR PECCADILLO AGREEMENT EL8727 EL8980 EL8576 EL8932 EL9476 Total $5000 $5600 $10300 $29000 $8000



6.0 REFERENCES Blake, D.H., Hodgson, I.M., and Muhling, P.C., 1979, Geology of the Granites-Tanami Region, Bur. Min. Res. Geol. Aust. Bull. No. 197. Burgess, H & Mohammed, L., 1ST Annual Report for EL's 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 1999. Otter Gold NL NTDME Annual Report. Burgess, H., 2ND Annual Report for EL’s 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2000. Otter Gold NL NTDME Annual Report. Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13.

5700

00 m

E

5500

00 m

E

5600

00 m

E

5500

00 m

E

5600

00 m

E

5300

00 m

E

5400

00 m

E54

0000

mE

7790000 mN

7780000 mN

5700

00 m

E

5300

00 m

E

5200

00 m

E52

0000

mE

7800000 mN

7810000 mN

7800000 mN

7790000 mN

7780000 mN

7770000 mN

5100

00 m

E

TanamiMine

Maximus

Pendragon

Tanami TrackEL9476

EL8980

EL8576 EL8932

EL8727

Author:

Office: Darwin

Drawing:

Date:31/1/2001

Scale: 1:250000 Projection: AMG Zone 52 (AGD 84)

Otter Exploration

0 2.5 5

kilometres

10

Peccadillo AgreementLocation Plan

Feb 00 to Feb 01

Figure 1

U D

5400

00 m

E

5300

00 m

E

5400

00 m

E

5300

00 m

E

5350

00 m

E53

5000

mE

5250

00 m

E

5150

00 m

E

5200

00 m

E52

0000

mE

5250

00 m

E

7795000 mN

7800000 mN

7785000 mN

7790000 mN

7795000 mN

7780000 mN

7785000 mN

7790000 mN

7780000 mN

5450

00 m

E54

5000

mE

5150

00 m

E

5100

00 m

E51

0000

mE

7800000 mN

-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an-Ptk/-P-an

-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk

-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am

-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Ptk-Plg-Plg-Plg-Plg-Plg-Plg-Plg-Plg-Plg

EL8576

EL8932

EL8980

EL9476

-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd

-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf-Ptk/-Pgf

-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd

-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am-Ptk/-P-am


-Ptd-Ptd-Ptd-Ptd-Ptd-Ptd-Ptd-Ptd-Ptd

-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm

-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1

-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm




-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1-Pdg/-Pm1

-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1-Pm1




-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm-Pm














-Pgm-Pgm-Pgm-Pgm-Pgm-Pgm-Pgm-Pgm-Pgm

-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an-Plg/Ptk,-P-an

-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd-Ptdd

-Plg-Plg-Plg-Plg-Plg-Plg-Plg-Plg-Plg

-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv

-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv-Pgv

-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)-Pgm(syenite?)

EL8727

Author:

Office: Darwin

Drawing:

Date:2/3/2001


Otter Exploration

3

PeccadilloNTGS Regional Geology

Hendrix et al 2000

0 1.5

kilometres

Undifferentiated intrusive: non-magnetic, low gravity response

Undifferentiated intrusive: variably magnetic, low gravity response

Biotite hornblende granodiorite; I-type: moderate-highly magnetic,

low gravity response

Undifferentiated intrusive: moderately magnetic, low gravity response

PL gc Biotite hornblende granodiorite; I-type: weakly magnetic, low gravity

response

Basalt or magnetite rich sandstone: moderately magnetic

Chert, arenite, siltstone, mudstone, limestone: non-magnetic

Arenite, siltstone, shale, conglomerate, arkose, breccia:

non-magnetic

Biotite granite; I-type: moderate-highly magnetic, low gravity

response

*

Diorite and gabbro; I-type: high-intensely magnetic, moderate gravity

response

Sandstone, siltstone, mudstone: non-magnetic

Sandstone, siltstone, shale: non-magnetic

Sandstone: non-magnetic

Basalt: moderately magnetic




Sandstone: weakly magnetic


PL dk

PL dk-m

Sandstone: weakly magnetic

dgg

PL dg-m

PL

dg-n

s

PL

LP

P

PL gn

L gm

PL gv

PL gg

PL gb

PL gf

rmPL

**

*

Pzl

Pzs

-C-

C la--

*

P

PL dt

L dg

*

Biotite hornblende granodiorite; I-type: non to weakly magnetic

Biotite hornblende granodiorite; I-type: moderate-highly magnetic

Amphibolite, possible dolerite, basalt: high-intensely magnetic,

Rhyolitic quartz-feldspar ignimbrite: non-magnetic

Rhyolitic feldspar-quartz ignimbrite: non-magnetic

Sandstone: non to weakly magnetic

Dacite and rhyolite porphyries and volcanics: weakly magnetic

Sandstone, siltstone, basalt: non to weakly magnetic, high

gravity response

Ab

A

Undifferentiated felsic and mafic gneiss, granite and migmatite:

non-magnetic, high gravity response


variably magnetic, high gravity response

** A-n

Siltstone and calc-silicate: non to weakly magnetic

Metadolerite sills: moderate-highly magnetic

Undifferentiated: moderate-highly magnetic

Undifferentiated: non to weakly magnetic

Undifferentiated: complex magnetic responses

Siltstone, sandstone, chert: non-magnetic

volcanics and dolerite: weakly magnetic

high gravity response

mPL

PL m4

Metagreywacke and schist: non-magnetic

P

PL gw1

L n Undifferentiated: non to weakly magnetic


P

PL n5

L n4

n3 Rhyolite lava: non-magnetic

tk

tkj

PL

PL td

Jasperlitic chert: non-magnetic*

Siltstone, numerous sills: moderate-intensely magnetic,

Sandstone, siltstone: non to weakly magnetic

PL tdd

high gravity response

LP go* Biotite, hornblende granodiorite; I-type: variably magnetic


Biotite hornblende granite; I-type: non-magnetic

PL gw3

PL gw2

Basalt: moderate-highly magnetic

P

PL t

L tt


PL c

cbBasalt member Basalt: intensely magnetic, high gravity responseLP

LP lgPargee Sandstone

Conglomerate, sandstone, siltstone: non to weakly magnetic

Interbedded basalt and volcaniclastic sediment, possible felsic

-amPL

PL -an

PL lw

PL lwa

P

PL -b

L tdd

P

PL m3

L m2

PL m1

P

n2

n1L

LP

LP

Jasperlitic Chert member LP

Mount Charles

Formation

Nanny Goat Volcanics

Killi Killi Formation

Twigg Formation

Dead Bullock

Formation

Undifferentiated schist, gneiss, migmatite: non-magnetic


moderate-intensely magnetic, high gravity response

>750 nT intensely magnetic

250-500 nT moderately magnetic

*

not on map

*

A-m

Magnetic values of stratigraphy:

0-250 nT weakly magnetic

500-750 nT highly magnetic

Radiometric age determination in million

Fault showing relative displacement:

Geological boundary

Fault showing relative displacement

Deeply buried source

Fold axis: anticline, syncline

years, U/Pb SHRIMP

Magnetic metamorphic aureole

Shear zone

Magnetic trend

Unit A overlies unit B

Palaeochannel

Joint

Radiometric trend

Dolerite

Dyke

down,up

Axial trace of fold

GEOLOGICAL SYMBOLS

B

A

1848 22 Ma

D

U

d

+-

Glauconitic Sandstone

member

Talbot Well Formation

Coomarie Sandstone

Gardiner Sandstone

Supplejack Downs

Sandstone

Muriel Range

Sandstone

Birrindudu Group

Granites Suite

Frederick Suite

Pluton

INTRUSIVE

METAMORPHIC

Antrim Plateau

Volcanics

Tanami Group

Browns Range

Metamorphics

Mount Winnecke

Group

MacFarlane Peak

Group

-bPL

PL -an-amPL

A-nAAb A-m

PL tdd

PL

Bore Field Road

Coomarie Suite

Inningarra Suite

Redcliff Pound

Group

Suite

lwL lwaPLPWinnecke Suite

PLgv

PLPL

gmgn

PL gg PL gb

LP

PL gw1

PL gc

PL go

PL gw3

gw2

n4LP

LPP

LP

L

PL gf

la

Sill

C

Pzs

Pzl

--

Dyke/

CAINOZOIC AND TERTIARY UNITS NOT SHOWN

SEDIMENTARY VOLCANIC

Non-marine Marine Subaqueous

Dev

onia

n

Platform cover sequence 2 ~ 800 Ma?

Subaerial

Deformation: thrust faulting, folding ~1810 Ma

Uplift and erosion ~1790 Ma

Alice Springs Orogeny 300-400 Ma: reactivation of major faults, minor uplift

Deformation: thrust faulting, major strike slip faulting, minor uplift, erosion

sLP

dg-n

dg

PL

dt

dkL

PL

P

LP

-

570 Ma

410 Ma

Cam

bri

an

PA

LAE

OZ

OIC

C -

Uplift and erosion

Deformation: strike slip faulting

Gold mineralisation ~1790-1760 Ma?

1800 Ma

PR

OTER

OZO

IC

800 Ma

Neo

pro

tero

zoic

PL rm

PPL m2 L m1

Pattern used to show , , , , , and where the unit overlies basement rock

Deformation and metamorphism (at Browns Range) followed by rifting and extension

tkj

la tkdgdt ttdk

m4m3LP PL

PL td

--

Uplift and erosion of Archaean basement

C s

PL m

AR

CH

AE

AN

L

cb

P c

Deformation: folding, granite intrusion, metamorphism, faulting

LP lg

P

L

L tk

P

PL t PL tt

Gold mineralisation ~1825-1800 Ma?

~1880 Ma

1835 Ma

1830 Ma

n2

n3

n

n1

Felsic volcanism,

granite intrusion

P

LP

L n5

PL dk-m

Platform cover sequence 1 ~1790-1750 Ma?

dggPL

dg-mPL

Pal

aeop

rote

rozo

ic

5245

00 m

E52

4500

mE

5235

00 m

E52

3500

mE

5240

00 m

E52

4000

mE

5225

00 m

E52

2500

mE

5230

00 m

E52

3000

mE

7783500 mN 7783500 mN

7782500 mN

7783000 mN 7783000 mN

7782000 mN

7782500 mN

7782000 mN

5210

00 m

E

7781500 mN

5220

00 m

E

5215

00 m

E52

1500

mE

5220

00 m

E

9790

51

9790

45

9790

44

9790

46

9790

47

9790

48

9790

49

9790

50

9790

39

9790

40

9790

41

9790

42

9790

55

9790

43

9790

52

9790

53

9790

54

9790

56

9790

57

9790

38

9790

33

9790

34

9790

35

9790

36

9790

37

9790

63

9790

58

9790

59

9790

60

9790

61

9790

62

9790

31

9790

26

9790

27

9790

28

9790

29

9790

30

9790

32

9790

70

9790

64

9790

65

9790

66

9790

67

9790

68

9790

69

9784

71

9784

70

9784

72

9784

73

9784

74

9784

75

9786

27

9786

20

9786

21

9786

22

9786

23

9786

24

9786

25

9786

26

9784

77

9784

66

9784

67

9784

68

9784

69

9784

76

9784

78

9784

79

9786

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Author: LM

Office: Darwin

Drawing:

Date:3/3/2001


Otter Exploration

400

PeccadilloEL8932

Maximus Soil SamplesFeb 00 to Feb 01

Figure 3

0 100 200

metres

Maximus Soil Sampling

EL9476EL8980

EL8932EL8576

EL8727

5245

00 m

E52

4500

mE

5235

00 m

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5240

00 m

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4000

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5225

00 m

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2500

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5230

00 m

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3000

mE

7783500 mN 7783500 mN

7782500 mN

7783000 mN 7783000 mN

7782000 mN

7782500 mN

7782000 mN

5210

00 m

E

7781500 mN

5220

00 m

E

5215

00 m

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1500

mE

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00 m

E

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4

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80.6

0.30.

60.

20.1

0.1

0.3

0.40.

10.10.

10.

20.

10.

121.6

0.10.

1

0.05

0.05

0.05

0.1

0.050.

050.

1

0.6 0.

10.

1 0.1

0.050.

050.1

0.20.

20.

20.6

2.5

0.20.

5

0.05

0.1

0.05

0.050.

050.05

0.050.

20.

050.

050.05

0.1

1

0.2

0.050.

050.

20.

20.

5

0.2

168

1.2

0.1

0.30.

1

0.1

0.1 0.

1 0.2

0.1

0.1 0.

1

0.05

0.10.

30.05

0.050.

050.1

0.1

0.1

0.1 0.

10.

10.

1

0.05 0.

10.

10.

10.050.

050.

05

0.1

0.30.

10.

20.

10.

050.1

0.1

0.1 0.

10.

10.

1 0.1

0.1

0.2

0.05

0.2 0.

050.

2 0.05

0.05

0.05

0.05

0.20.

20.

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0.050.

20.

1

0.1

0.050.

2

0.10.

050.

3 0.1

0.1 0.

20.

05

0.05

0.1

0.050.

051

0.050.

050.

050.05

0.05

0.05

0.05

0.050.

050.

05

0.1

0.1 0.

20.

1 0.1

0.05

0.05

0.2 0.

050.

10.

10.2

0.1

0.05 0.

050.

050.

10.1

0.10.

05

0.1

0.2

0.10.

10.

10.1

0.16.

30.

2 0.1

237.

5

0.4 19

.4

0.050.

30.

40.

10.

10.

050.

1

0.05 0.

30.

050.1

0.1

0.05

0.3

0.10.

050.05

0.30.

20.

3

0.050.

050.

50.

1 0.05

0.2

0.05

0.2 0.

30.

050.

050.05

0.05

0.4

0.1

0.10.

10.

20.

05

0.05

0.10.

10.5

0.05

0.05

0.05

0.050.

20.

10.

2

0.1

0.10.

10.

05

0.2

0.1

0.1

0.10.

20.1

0.20.

10.

2 0.10.

3 0.2

0.1 0.

050.

050.30.

050.

05

0.2

0.2

0.4 0.

20.

050.

2 0.1

0.05

0.1

0.2

0.050.

05

0.050.

10.

10.

05

0.050.

050.

30.

050.

2

0.1 0.

20.

050.

20.20.

10.

3

0.10.

050.20.

20.

4 0.1

0.05

0.05

0.050.

050.05

0.05

0.05

0.05

0.2

0.6 0.

20.

3 0.1

0.2 0.

10.

050.3

0.20.

050.

05

0.5

0.2 0.

10.

10.

1 0.05

0.05 0.

10.

050.20.

10.

2

0.1

0.050.

050.

050.

050.

10.

05

0.05 0.

30.1

0.10.

050.

20.

1

0.10.

10.

050.050.

30.

05 0.1

0.40.

10.

10.1

0.1

0.1

0.05

0.2 0.

10.

10.

050.

1

0.05

0.20.

050.

10.

20.05

0.1 0.

10.

10.050.

10.

10.1

0.10.

050.

1 0.05

0.2

0.3 0.

2

0.2

0.050.

1 0.1

0.1

0.1

0.05

0.1

0.05

0.10.

10.

10.05

0.05

0.4 0.

40.

050.

050.050.

2

0.3 0.

20.

30.

40.3

0.2

0.05

0.10.

10.05

0.05

0.1

0.1

0.10.

050.

050.10.

050.6

0.050.

050.05

0.050.

1 0.05

0.05 0.

20.

10.

050.05

0.10.

2

0.05

0.1

0.7 0.

20.

050.

2

0.2

0.050.

1 0.1

0.9 0.

20.

2

0.1

0.30.

30.

20.

10.1

0.10.

050.

10.

80.

1 0.5

0.05 0.

10.

050.1

0.2

0.40.

05

0.05

0.050.

050.

2 0.05

0.050.

1

0.05 0.

10.

10.1

0.05

0.10.

3

0.20.

050.

1 0.3 0.

10.

3 0.1

0.050.

050.050.

050.1

0.05

0.05

0.5

0.05

0.10.

20.

12.3

0.05

0.1

0.1

0.05

0.05

0.20.

4

0.2

0.050.

050.

10.05

0.2

0.050.

30.

1 0.1

0.05

0.05

0.10.

2 0.050.

050.05

0.05

0.30.

20.

050.1

0.2

0.051.

90.

30.

3 0.30.

30.

30.

20.3

0.6 5.

60.

7 0.3

0.2

0.50.

050.

10.1

0.2

0.3 0.

40.

050.

050.050.

050.

050.

050.20.

10.

1 0.05

0.10.

10.

1

0.05 0.

10.2

0.1

0.1

0.05

0.05

0.050.

10.

050.

3 0.1 0.

1

0.05 0.

050.

050.1

0.050.

050.

05

0.05

0.05

0.050.

10.

10.

05

0.1

0.050.

10.

10.05

0.1

0.05

0.05

0.1 0.

050.

10.

40.

1

0.1

0.1

0.05

0.10.

1

0.2

0.10.

10.

05

0.050.

050.2

0.05

0.05

0.1

0.10.

05

0.1

0.1

0.05

0.050.

10.

2 0.05

0.2

150.

6

0.05

0.3

0.05

0.1 0.

05

356.

5

0.05

0.10.

1 0.1

3.5

0.2

0.05

0.050.

050.05

0.05

1.20.

050.

050.2

0.050.

050.05

0.05

0.05

0.1

0.05

0.1 0.

10.

050.

1

0.2

0.2 0.

050.

05

0.05

0.050.

050.

1

0.10.

050.

050.

050.05

0.050.

050.05

0.05

0.050.

050.

10.

050.05

0.050.

050.

050.05

0.05 0.

10.

10.05

0.05

0.050.

050.05

0.20.

050.

050.

050.050.

050.

1

0.3

0.1

0.1 0.

050.

050.1

0.1

0.5

0.05

0.10.

10.2

0.2

0.10.

050.05

0.050.

10.

1

0.4 0.

10.05

0.10.

10.

1

0.05

0.2 0.

050.

050.20.

30.

1

0.05

0.1

0.050.

20.10.

050.

05

0.1

0.1

0.2

0.10.

10.

1 0.1

0.1 0.

30.2

0.20.

10.

10.05

0.20.

80.

20.

2 0.050.

050.

1

712.

5

0.05

0.20.

10.

10.4

0.1

0.3

0.20.

20.

30.

2

0.1

0.3

0.2 0.

20.

10.

1

0.9

0.7 0.

20.

1 0.1

234

5.3

14.5

20.5

0.1

0.3

0.1

0.2 0.

050.

050.

05 0.5 0.

2

0.2

0.10.

50.

50.

30.20.

1

0.05

0.2

0.05

0.050.

05 0.1

0.1

0.3

872.

53.

60.

3

0.05

0.2

0.1

0.051.

3

0.050.

050.05

0.2 0.

40.

30.2

0.2

0.2 0.

10.

1

0.1

0.1

0.1

0.05

0.05

0.1 0.

050.

05

0.05

0.050.

10.

20.2

0.05

0.1

0.1

0.2

0.3 0.

050.

1

0.1 0.

10.

10.

10.

10.

050.2

0.1

0.1

0.10.

20.

1

0.05

0.05 0.

05

0.3

0.1 0.

050.05

0.2 0.

1 0.2

0.05

0.2

0.1

0.40.

2

0.050.

1 0.2

0.05

0.05

0.05

0.050.

050.1

0.1

0.10.

050.

10.1

0.1

0.05

0.2

0.10.

2

0.050.

050.

05 0.1

0.3

0.10.

050.

40.

6

0.1 0.

1

0.3 0.

30.

20.

40.2

0.050.

30.

050.2

0.2

0.1

0.1

Author: LM

Office: Darwin

Drawing:

Date:3/3/2001


Otter Exploration

400

PeccadilloEL8932 - Maximus Soil Results

Au (ppb)Feb 00 to Feb 01

Figure 4

0 100 200

metres

Maximus Soil Sampling

EL9476EL8980

EL8932EL8576

EL8727

Maximus Au Geochemistry (ppb)

10 to 100,0005 to 103 to 51 to 30.5 to 10.2 to 0.50 to 0.2

5250

00 m

E

7787000 mN

7785000 mN

7784000 mN 7784000 mN

7785000 mN

7786000 mN 7786000 mN

5220

00 m

E

5230

00 m

E

5240

00 m

E

5220

00 m

E

5260

00 m

E

5270

00 m

E

7783000 mN 7783000 mN

7787000 mN

7782000 mN

7780000 mN

7781000 mN 7781000 mN

7782000 mN

5250

00 m

E

5260

00 m

E

5240

00 m

E

5230

00 m

E

1001

952

1001

953

1001

954

1001

955

1001

956

1001

977

1001

968

1001

975

1001

976

1001

978

1001

979

1001

980

1001

981

1001

966

1001

957

1001

958

1001

959

1001

965

1001

967

1001

986

1001

987

1001

988

1001

971

1001

969

1001

970

1001

972

1001

973

1001

974

1001

961

1001

960

1001

962

1001

963

1001

964

1001

982

1001

983

1001

984

1001

985

1001

993

1001

989

1001

990

1001

992

1001

994

1001

995

1001

996

1001

997

1001

998

Author: LM

Office: Darwin

Drawing:

Date:3/3/2001


Otter Exploration

800

PeccadilloEL8932

Regional Soil Sample LocationFeb 00 to Feb 01

Figure 5

0 200 400

metres

Regional Soils

EL9476EL8980

EL8932EL8576

EL8727

5250

00 m

E

7787000 mN

7785000 mN

7784000 mN 7784000 mN

7785000 mN

7786000 mN 7786000 mN

5220

00 m

E

5230

00 m

E

5240

00 m

E

5220

00 m

E

5260

00 m

E

5270

00 m

E

7783000 mN 7783000 mN

7787000 mN

7782000 mN

7780000 mN

7781000 mN 7781000 mN

7782000 mN

5250

00 m

E

5260

00 m

E

5240

00 m

E

5230

00 m

E

0.1

0.05

0.05

0.05

0.05

0.05

0.050.1

0.05

0.05

0.5

0.05

0.05

0.05 0.1

0.05

0.05

0.1

0.1

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.1

0.3

0.2

0.05

0.05

0.1

0.6

0.7

0.1

0.1

0.1

0.05

0.05

0.1

0.05

0.05

0.05

0.05

0.1

Author: LM

Office: Darwin

Drawing:

Date:3/3/2001


Otter Exploration

PeccadilloEL8932

Au Geochemistry (ppp)

Figure 6

8000 200 400

metres

Regional Soils

EL9476EL8980

EL8932EL8576

EL8727

Au Geochemistry (ppb)

0.5 to 10.2 to 0.50 to 0.2

5250

00 m

E

5255

00 m

E

5235

00 m

E

7787500 mN

7785000 mN

7784000 mN

7784500 mN 7784500 mN

7786500 mN

7786000 mN 7786000 mN

7786500 mN

5240

00 m

E

5235

00 m

E

5245

00 m

E

5255

00 m

E

5250

00 m

E

7787500 mN

7787000 mN 7787000 mN

7785000 mN

7785500 mN 7785500 mN

5245

00 m

E

5240

00 m

E

1006

388

1006

384

1006

385

1006

386

1006

387

1006

389

1006

390

1006

366

1006

367

1006

368

1006

369

1006

370

1006

371

1006

373

1006

374

1006

380

1006

381

1006

382

1006

383

1006

363

1006

364

1006

365

1006

372

1006

379

1006

375

1006

376

1006

377

1006

378

1006

331

1006

326

1006

327

1006

328

1006

329

1006

330

1006

332

1006

360

1006

353

1006

357

1006

358

1006

359

1006

361

1006

362

1006

336

1006

325

1006

333

1006

334

1006

335

1006

337

1006

338

1006

320

1006

321

1006

322

1006

323

1006

324

1006

319

1006

314

1006

315

1006

316

1006

317

1006

318

1006

343

1006

339

1006

340

1006

341

1006

342

1006

344

1006

313

1006

308

1006

309

1006

310

1006

311

1006

312

1006

350

1006

345

1006

346

1006

347

1006

348

1006

349

1006

351

1006

352

1006

303

1006

304

1006

305

1006

306

1006

307

Author: LM

Office: Darwin

Drawing:

Date:3/3/2001


Otter Exploration

0 100 200

metres

400

PeccadilloEL8932

Infill SoilsFeb 00 to Feb 01

Figure 7

Infill Soils

EL8932EL8576

EL9476

EL8980

EL8727

7785500 mN

5250

00 m

E

7785500 mN

7784500 mN

7785000 mN 7785000 mN

7787000 mN

7786500 mN

7786000 mN 7786000 mN

7786500 mN

5255

00 m

E

5235

00 m

E

5240

00 m

E

5245

00 m

E

5250

00 m

E

7784500 mN

5245

00 m

E

5235

00 m

E

5240

00 m

E

7787000 mN

0.1

0.05 0.

050.

050.

050.

050.

05

0.1

0.050.

050.

050.1

0.05

0.1

0.05

0.05

0.05

0.4

0.1

0.05

0.1

0.10.

10.

10.05

0.05

0.60.

32.

5 0.05

0.2

0.3 0.

30.

4

0.1

0.05 0.

050.

05

0.10.

050.

050.6

0.050.

05

0.2

0.050.

050.2

0.1

1.3

1.3 0.

7

0.05

0.60.

20.

20.

050.05

45

0.30.

050.

05 0.05 0.

10.

050.10.

050.

3 0.1

0.05

0.05

0.1 0.

10.05

0.5

0.3

0.3

0.30.

10.

1

0.05

0.05 0.

60.

20.

1

Date:3/3/2001


Drawing:

Otter Exploration

Author: LM

Office: Darwin

0 125 250

metres

500

PeccadilloEL8932


Figure 8


10 to 100,000 (1)1 to 3 (3)0.5 to 1 (6)0.2 to 0.5 (16)0 to 0.2 (59)

Infill Soils

EL9476EL8980

EL8932EL8576

EL8727

5125

00 m

E51

2500

mE

7788000 mN

7787500 mN

7787000 mN

7786500 mN

5120

00 m

E51

2000

mE

5105

00 m

E51

0500

mE

5110

00 m

E51

1000

mE

5115

00 m

E51

1500

mE

7788000 mN

7787500 mN

7787000 mN

7786500 mN

1007

009

1007

001

1007

002

1007

003

1007

004

1007

005

1007

006

1007

007

1007

008

1007

010

1007

011

1007

012

1007

013

1007

014

1007

015

1007

016

1007

017

1007

018

1007

019

1007

020

1007

021

1007

022

1007

023

1007

024

1007

025

1007

026

1007

027

1007

028

1007

029

1007

030

1007

031

1007

032

1007

033

1007

034

1007

035

1007

036

1007

037

1007

038

1007

039

1007

040

1007

041

1007

042

1007

043

1007

044

1007

045

1007

046

1007

047

1007

048

1007

049

1007

050

1007

051

1007

052

1007

053

1007

054

1007

055

1007

056

1007

057

1007

058

1007

059

1007

060

1007

062

1007

063

1007

064

1007

065

1007

066

1007

067

1007

068

1007

069

1007

070

1007

071

1007

072

1007

073

1007

074

1007

075

1007

076

1007

077

1007

078

1007

079

1007

080

1007

081

1007

082

0 100 200

metres

400

PeccadilloEL8727

Infill Soil SamplingFeb 00 to Feb 01

Figure 9

Scale: 1:10000

Drawing:

Projection: AMG Zone 52 (AGD 84)

Otter Exploration

Date:1/2/2001

Author: ANS

Office: Tanami

Tanami Track

InfillSoil Sampling

EL8576EL8576EL8576EL8576EL8576EL8576EL8576EL8576EL8576EL8932EL8932EL8932EL8932EL8932EL8932EL8932EL8932EL8932


EL8727EL8727EL8727EL8727EL8727EL8727EL8727EL8727EL8727

7787500 mN

7787000 mN

7786500 mN

5120

00 m

E51

2000

mE

5115

00 m

E51

1500

mE

5105

00 m

E

5100

00 m

E51

0000

mE

5105

00 m

E

5110

00 m

E51

1000

mE

7787500 mN

7787000 mN

7786500 mN

0.1

0.1

0.1

0.01

0.1

0.01

0.1

0.01

0.01

0.1

0.1

0.1

0.01

0.1

0.01 0.01

0.01

0.01

0.01 0.1

0.01

0.01

0.1

0.1

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.1

0.01

0.1

0.01 0.01

0.1

0.1

0.01

0.01

0.01 0.01

0.01

0.01

0.1

0.01

0.01

0.01 0.01

0.2

0.01

0.1

0.1 0.01

0.1

0.1

0.01

0.2

0.1

0.01

0.1

0.01

0.01 0.01

0.01

0.01

0.01

0.1

0.1

0.01

0.01

0.01 0.01

0.01

0.1

0.1

0.01

0.01

0.01

0.01

Date:3/3/2001


Drawing:

Otter Exploration

Author: LM

Office: Darwin

400

PeccadilloEL8727

"Little Pecca" Au Geochemistry (ppb)

Figure 10

0 100 200

metres

"Little Pecca"

EL9476EL8980

EL8932EL8576

EL8727

"Little Pecca" Au Geochemistry (ppb)

0.2 to 0.50 to 0.2

5350

00 m

E

5250

00 m

E

5300

00 m

E

5250

00 m

E

5300

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7800000 mN 7800000 mNTanami TrackEL9476

EL8932

EL8980

EL8576

PCPH008PCPH008PCPH008PCPH008PCPH008PCPH008PCPH008PCPH008PCPH008

PCPH009Collar Blow Out



EL8727




PCPH004PCPH004PCPH004PCPH004PCPH004PCPH004PCPH004PCPH004PCPH004PCPH005PCPH005PCPH005PCPH005PCPH005PCPH005PCPH005PCPH005PCPH005





PCPH014PCPH014PCPH014PCPH014PCPH014PCPH014PCPH014PCPH014PCPH014Date:30/1/2001


Drawing:

Otter Exploration

Author: LM

Office: Darwin

0 1.25 2.5

kilometres

5

PeccadilloPosthole CollarsFeb 00 to Feb 01

Figure 11

7783400 mN

5238

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mE

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PCRB024

PCRB011

PCRB001PCRB001PCRB001PCRB001PCRB001PCRB001PCRB001PCRB001PCRB001

PCRB002PCRB002PCRB002PCRB002PCRB002PCRB002PCRB002PCRB002PCRB002PCRB003PCRB003PCRB003PCRB003PCRB003PCRB003PCRB003PCRB003PCRB003

PCRB004PCRB004PCRB004PCRB004PCRB004PCRB004PCRB004PCRB004PCRB004PCRB005PCRB005PCRB005PCRB005PCRB005PCRB005PCRB005PCRB005PCRB005

































Author: LM

Office: Darwin

Drawing:

Date:30/1/2001


Otter Exploration

PeccadilloMaximus ProspectAngle RAB CollarsFeb 00 to Feb 01

Figure 12

2000 50 100

metres

TANAMI TRACK

MAXIMUS




EL9476

7783100 mN

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Date:11/3/2001


Drawing:

Otter Exploration

Author: LM

Office: Darwin

0 25

metres

50

PeccadilloRockchips

Feb 00 to Feb 01

Figure 14 a

Rockchips

EL8576

EL8932

EL8980

EL8727

EL9476

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Author: LM

Office: Darwin

Drawing:

Date:11/3/2001


Otter Exploration

0 25

metres

50

PeccadilloRockchips

Feb 00 to Feb 01

Figure 14b

Rockchips

EL8576

EL8932

EL8980

EL8727

EL9476

7781500 mN

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Author: LM

Office: Darwin

Drawing:

Date:11/3/2001


Otter Exploration

PeccadilloRockchips

Feb 00 to Feb 01

Figure 14c

5000 125 250

metres

Rockchips

EL8576

EL8932

EL8980

EL8727

EL9476

5320

00 m

E

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E

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655562

Author: LM

Office: Darwin

Drawing:

Date:11/3/2001


Otter Exploration

PeccadilloRockchip

Feb 00 to Feb 01

Figure 14d

10000 250 500

metres

Rockchip

EL8576

EL8932

EL8980

EL8727

EL9476

Otter Gold NL

4th ANNUAL REPORT

FOR PECCADILLO AGREEMENT

EL’s 8576, 8727, 8932, 8980 & 9476

17th March 2001 – 16th March 2002

TANAMI REGION NORTHERN TERRRITORY

Compiled by: M Muir

Distribution:

NT Dept Business, Industry & Resource Development Newmont Australia

File Copy

TITLE: 4th Annual Report for Exploration Licences (EL’s) 8576, 8727,

8932, 8980 and 9476 – The Peccadillo Agreement. PERIOD: 17 March 2001 to 16 March 2002 COMPILED BY: Maryanne Muir LOCATION: TANAMI 1:250,000 SE 52-15 COMMODITY: GOLD DATE: APRIL 2002

SUMMARY

Exploration Licences 8576, 8727, 8932, 8980 and 9476 (subject to the Peccadillo Deed of Exploration executed on the 15th of December 1997) were granted on the 17th of March 1998, for a period of six years. These five Exploration Licences form the “Peccadillo Project Area” and cover an area of 260 square kilometres. On completion of the fourth licence year work has concentrated on remotely detecting and ranking targets under cover using enhanced geophysical imaging. This imaging has been produced by Fractal Graphics and their ‘worming’ process. Fifth year exploration within the Peccadillo Project Area will continue with the emphasis on exploring for targets under cover and regions surrounding the Maximus district. Total expenditure for licence year 4 on EL’s 8576, 8727, 8932, 8980 and 9476 was $5402.94. See expenditures for 2001 – 2002. Ongoing tenure of these licences by Otter Gold NL means that this report should remain CLOSED FILE.

TABLE OF CONTENTS

1.0 INTRODUCTION .............................................................................................................................1

2.0 LOCATION AND EXPLORATION HISTORY ..............................................................................1

2.1 LOCATION AND ACCESS ...................................................................................................................1 2.2 EXPLORATION HISTORY – OTTER GOLD NL .....................................................................................1

3.0 GEOLOGY........................................................................................................................................3

3.1 REGIONAL GEOLOGY .......................................................................................................................3 3.2 LOCAL GEOLOGY ............................................................................................................................6

4.0 EXPLORATION FOR 17 MARCH 2001 TO THE 16 MARCH 2002. ............................................6

4.1 WORM DATA...................................................................................................................................7

5.0 EXPENDITURE FOR PERIOD 17/03/01 TO 16/03/02 ....................................................................8

5.1 EXPENDITURE FOR PERIOD 17/03/01 TO 16/03/02 ON PECCADILLO PROJECT AREA .............................8

6.0 PROPOSED WORK PROGRAMMES FOR 2002-2003 ..................................................................9

6.1 PROPOSED WORK PROGRAMMES FOR PECCADILLO AGREEMENT 17/03/2002 – 16/03/2003 ................9

7.0 REFERENCES ................................................................................................................................11

LIST OF FIGURES Figure 1 Tenement Map Figure 2 Geology Map

LIST OF TABLES

TABLE 1 Tenement Data

TABLE 2 Comparison of stratigraphic nomenclature

TABLE 3 Expenditure Summary for Peccadillo Deed (2001 – 2002)

TABLE 4 Proposed Expenditure for Peccadillo Deed (2002 – 2003)

Otter Gold NL 4th Annual Report 2002 Peccadillo Agreement

1

1.0 INTRODUCTION Exploration Licences (EL) 8576, 8727, 8932, 8980 & 9476 are held by Otter Gold NL (100%) and are subject to the Peccadillo Deed of Exploration executed on the 15th December 1997. The fourth licence term for the subject EL’s has come to a close since their grant on the 17th February 1998 for a period of six years. These five Exploration Licences form the “Peccadillo Project Area” and cover an area of 260 square kilometres. During the 2001 – 2002 field season work concentrated on the remote detection of viable targets using the Fractal Graphics multiscale edge analysis (worming) process. Existing geophysics was used in this process. Targets were also used generated using existing surficial data. 2.0 LOCATION AND EXPLORATION HISTORY 2.1 Location and Access The Peccadillo Project area is located approximately 25km to the east of the West Australian – Northern Territory border, just south of the ‘Tanami Track’. An access track is available to the south of the Tanami Track that leads to Newmont Australia’s (ex – Normandy NFM) Wilson’s Camp. The Peccadillo Project region covers approximately 260 km2 – 81 blocks. See Table 1 for break down of Exploration Licence sizes and Figure 1 for a location map. Table 1: Tenement Data

EL 8576 8727 8932 8980 9476 TOTAL Blocks 16 6 44 13 2 81 Sq km 51 19 142 42 6 260

The region is covered by the Central Desert Aboriginal Land Trust and the Mount Frederick Aboriginal Land Trust (administered by the Central Land Council). 2.2 Exploration History – Otter Gold NL 1998 – 1999: During the first year of exploration delays were encountered with arranging and conduction sacred site clearances within the areas. Clearance procedures were completed with the expectation of commencing work in the 1999 field season. Geophysical Surveys and interpretation were completed of the five Exploration Licences. 1999 – 2000: Second year work programmes included a regional helicopter surface sample programme (400m x 400m), infill programmes (100m x100m) and line sampling at 50m spacing with a high of 28.1ppb Au and 24.5ppb Au being recorded. 2000 – 2001: Work was extensive during this year with widespread infill surface sampling across the Maximus region and Angle RAB used to define the targets produced. Rockchipping was undertaken with a maximum result of 100g/t Au +. Walkabout posthole

540000 mE

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8

Otter Exploration Otter Exploration

Peccadillo AgreementTenement Location

EL's 8576, 8727, 8932,8980& 9476

2 40

kilometres

Scale: 1:200000

Date:12/4/2002

Author: mm

Office: Darwin


Drawing:

WA NT

Tanami Track To Tanami Mine(Groundrush)


3

was completed over at least five of the Licences determining deepcover in the eastern region of EL 8932 & EL 8980. Shallow cover was confirmed on the western licences even with alluvial channel defined. Smaller surface sampling programmes were completed to the north of Maximus along the unconformity and outlined potential targets within the Killi Killi sediments with a pyritic component. 3.0 GEOLOGY 3.1 Regional Geology The Granites – Tanami Block is bounded to the west by the Canning Basin, and to the east by the Wiso Basin and is considered to be one of the western most Palaeoproterozoic inliers of the Northern Australian Orogenic Province. The block is thought to have developed around the Barramundi Orogeny – major event 1845 – 1840 Ma (Blake et al., 1979). The stratigraphy of the Tanami Region has been revised as a result of an intensive study recently completed by the NTGS (Hendrickx et al., 2000). The stratigraphy outlined by Blake et al (1979) has had some significant modifications (Table 2). Blake et al (1979) Hendrickx et al (2000)



Birrindudu Group

Gardiner Sandstone


Sandstone

Suplejack

Downs Sandstone




Tanami Complex

Mt. Charles Beds

Killi Killi Beds


Nongra Beds

Helena Creek Beds

MacFarlane Peak Group Archaean


Table 2. Comparison of stratigraphic nomenclature (Hendrickx et al, 2000).

The Archaean Billabong Complex and Browns Range Metamorphics are the oldest rocks in the area. Browns Range Metamorphics comprise granitic gneiss and muscovite schist intruded by fine-grained granite, thin granitic sills, aplite and pegmatite. The Billabong Complex comprises banded granitic gneiss’, which are generally elongated and fault bound.

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Otter Exploration Otter Exploration

Date:13/4/2002

Author:

Office: Darwin


Drawing:

Scale: 1:150000

Peccadillo LeasesEl's 8932, 8727, 8576, 8980 & 9476

over Regional outcrop Geology

PargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeePargeeSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstoneSandstone

Killi Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi Beds

QuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternaryQuaternarySedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSedimentsSediments

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Killi Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi BedsKilli Killi Beds

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Tanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami Track

To WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WATo WA

MaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximusMaximus


5

Lying unconformably above the Archaean basement is the Palaeoproterozoic McFarland Peak Group. These rocks are characterised by a thick sequence of mafic volcanic, volcaniclastic and clastic sedimentary rocks, which possess a distinctive magnetic and gravity signature. This package of rocks is structurally complex and is considered to have a tectonic contact with the overlying Tanami Group. The Tanami group is subdivided into three formations: Twigg Formation: purple siltstone with minor sandstone and chert Killi Killi Formation: turbiditic sandstone Dead Bullock Formation: siltstone, mudstone, chert and banded iron formation The Dead Bullock Formation occurs at the base of the Tanami Group and is dominated by fine-grained sedimentary rocks. The rocks outcrop at Dead Bullock Soak, Lightning Ridge and Officer Hill. At the Granites the rocks have been metamorphosed to amphibolite facies to form andalusite, garnet and hornblende bearing schists. The Dead Bullock formation is host to significant gold mineralisation at the Granites and Dead Bullock Soak. The Killi-Killi Formation conformably overlies the Dead Bullock Formation and is the most extensive formation in the group. The sequence of turbidites includes micaceous greywacke, quartzwacke, and lithic greywacke, quartz arenite and lithic arenite, interbedded with siltstone, mudstone and occasional thin chert beds. Detrital mica is a characteristic feature. The Killi-Killi is metamorphosed to lower greenschist facies and is interpreted to be up to 4km thick. The Twigg formation is confined to a narrow package of rocks immediately west of the Tanami Mine corridor. It comprises a sequence of interbedded purple siltstone with thin-bedded chert and minor medium bedded greywacke. The Pargee Sandstone unconformably overlies the Tanami Group and is exposed on the western side of the Coomarie Dome extending into Western Australia. The Pargee Sandstone comprises thick-bedded quartz arenite, lithic arenite and conglomerate with pebbly sandstone and conglomerate at the base. The Mount Charles Formation comprises an intercalated package of basalts and turbiditic sediments, which occur on the western side of the Frankenia Dome. The Mount Charles Formation is host to structurally controlled vein hosted gold mineralisation in the Tanami Mine Corridor. Sediments include sandstone, mudstone, carbonaceous mudstones and intraclast conglomerate. Basalts are predominantly massive units with pillow basalts and basaltic breccias also evident. The Mt Winnecke Group is also interpreted to lie unconformably over the Tanami Group. This group is divided into two units including siliciclastic sediments and felsic volcanics. The Nanny Goat Volcanics are characterised by extrusive volcanic rocks including quartz-feldspar ignimbrite, feldspar ignimbrite, rhyolite lava, basalt and minor siliciclastic sediments. The Birrindudu group comprises 3 units with Gardiner Sandstone at the base, overlain by Talbot Well Formation and Coomarie Sandstone. The Suplejack Down sandstone is interpreted to belong to this group but is relationship is unclear. The Birrindudu group lie


6

unconformably over the Browns Range Metamorphics, MacFarlane Peak Group, Tanami Group, Pargee Sandstone, Nanny Goat Creek Volcanics and Mount Winnecke Group. Cenozoic laterite, silcrete, calcrete, and Quaternary debris cover 60 – 70% of the Tanami Desert. The Quaternary sediments are generally unconsolidated, representing the most recent phase of erosion and deposition of sands, gravels and lithic fragments. 3.2 Local Geology The local geology comprises primarily of Kill Killi Beds and Pargee Sandstone. The Kill Killi Beds are characteristically micaceous to phyllitic sandstones. The Pargee Sandstone lies unconformably over the Killi Killi Beds and comprises of sub lithic to lithic arenites, cross-bedded; minor conglomerate and lithic greywacke. Outcropping Pargee Sandstone is folded into a series of NW-SE trending antiforms and synforms which plunge to the north west. The Peccadillo group of tenements lies approximately five kilometres north of the major WNW-ESE trending Trans-Tanami Structure. Several north west trending splays pass through western edge of the Leases. The Peccadillo region has a low magnetic response due to the nature of the Killi Killi and Pargee sediments. To the south of the tenements dolerites have been noted from geophysical interpretation and it is hoped these extend to just west of the Maximus prospect – drilling is required to test there viability as potential hosts as they appear to be under cover. Outcropping regions north and south of the Maximus prospect have been investigated. The contact between the Pargee sandstone and the Killi Killi Beds has provided a conduit for fluids – with pyritic sediments being noted to the north of Maximus. Anomalism is indicated along the north – south unconformity however it appears to be a case of what you see is what you get – with the 10 + ppb Au outcropping. There are extensive plains of quartz float on the west of the Pargee Range. 4.0 EXPLORATION FOR 17 MARCH 2001 TO THE 16 MARCH 2002.

During 2001-2002 work focussed on the remote analysis of geophysical data with the use of the Fractal Graphics method for enhanced multi scale edge analysis (worming) of these regions. This tool enables us to enhance the aeromagnetics to determine ‘edges’ more accurately and thus assess the possibility for alteration and structural disruption with a greater degree of confidence. EL8576: Work continued in this region remotely, with the geophysical data undergoing the Fractal graphics multiscale edge analysis technique. The resulting data was analysed for potential targets. An area of interest was discerned within fairly tightly folded Killi Killi Beds adjacent to EL 8932. EL8727: Work continued in this region remotely, with the geophysical data undergoing the Fractal graphics multiscale edge analysis technique. The resulting data was analysed for potential targets.


7

EL8932: Work continued in this region remotely, with the geophysical data undergoing the Fractal graphics multiscale edge analysis technique. The resulting data was analysed for potential targets. An area of interest (a folded sequence of Killi Killi Beds) was determined adjacent to EL 8576. EL8930: Work continued in this region remotely, with the geophysical data undergoing the Fractal graphics multiscale edge analysis technique. The resulting data was analysed for potential targets. EL9476: Work continued in this region remotely, with the geophysical data undergoing the Fractal graphics multiscale edge analysis technique. The resulting data was analysed for potential targets.

4.1 Worm Data Data obtained during the original geophysical survey of the Peccadillo Project Area was used in the analysis by Fractal graphics. This analysis, dubbed worming, is a tool used for emphasizing edges – and is used as a cost effective tool for exploring under deep cover. The stitched data set was subdivided into 40km by 60km areas and grided using a 40m grid. Grided data sets were forwarded to Fractal Graphics in Perth for ‘Fractal Worm’ processing. Regional scale aeromagnetic and gravity data were also ‘wormed’. The advantage of using the Fractal Worms to assist with interpretation of the basement geology is that they facilitate better definition and location of contacts between adjacent lithologic packages and faults. Utilising the key parameters relevant to the geological model developed earlier for the Granites – Tanami intrusion-related gold mineralisation, ‘worm anomalies’ were identified. These worm anomalies comprise zones that have one or more of the following attributes:

• An anomalous decrease in magnetic intensity along or within a single lithology. • An anomalous increase in magnetic intensity along or within a single lithology. • Zones of anomalous tight folding within favourable lithologies • Zones of complex faulting within favourable lithologies

Anomalies are assessed on the following attributes. • Nature of the host rocks • Nature of the cover rocks / surface geology • Regolith • Proximity to granite / thermal aureole • Nature of proximal granites • Relationship to major and lower order structures • Nature of the anomaly • Local stratigraphic features incorporating orientation, folding, doming, etc. • Existing sampling / drilling if any • Cultural influences

A mechanism for ranking anomalies has been established that takes into account the different styles of mineralisation likely to be encountered.


8

5.0 EXPENDITURE FOR PERIOD 17/03/01 TO 16/03/02

5.1 Expenditure for period 17/03/01 to 16/03/02 on Peccadillo Project Area Table 3 summarises the work programme for the fourth licence year and associated costs within the Peccadillo Project Area. It can be easily seen that the covenants were not met. Several factors can be attributed to the under done nature of the expenditures. Firstly the majority of the year was devoted to a more theoretical approach with emphasis on the use of the worms for target definition. Otter was subject to several take over offers thus reducing spending to minimum. Also staff were reduced to a total of three and priorities emphasized the maintenance of all exploration licences.

TABLE 3 Expenditure Summary for Peccadillo Project Area (2001 – 2002)

Exploration Licence 8576 8727 8932 8980 9476

Geology 288.55 874.03 1311.57

Computer Support

Survey

Field costs/Access 24.82 59.88 112.82

Assaying

Drilling

Geophysics 534.24 534.26 534.26 534.27 594.24

Geochemistry

Petrology

Covenant $10,300 $5,000 $29,000 $5,600 $8,000

TOTAL $847.61 $534.26 $1468.17 $1958.66 $594.24

Expenses not included

Tenement Fees/Rentals 1280.00 480.00 3520.00 1040.00 160.00

CLC Compensation 4948.86 4948.90 1243.21 4948.00 4782.27


9

6.0 PROPOSED WORK PROGRAMMES FOR 2002-2003

6.1 Proposed Work Programmes for Peccadillo Agreement 17/03/2002 – 16/03/2003 Within the Peccadillo Agreement Region there lie several untested possibilities for districts of anomalism, especially under cover. There remain good possibilities within dolerites and the prospective Killi Killi Beds of further discovery. All the tenements are deemed to be underexplored with the majority of areas only having first pass, regional scale surface sampling. Work in these regions should also involve further analysis the worm data available and the assessment of any new targets. Site visits are recommended to any potential worm targets. If the targets are thought suitable for testing then a base programme of patterned posthole/surface sampling will be used to test the targets validity. EL8576: Further work (possibly surface samples/posthole) is anticipated on more detailed analysis of ‘worm’ data from targets the adjacent Maximus district (EL 8932). EL8727: Since the initial helicopter surface sample programme one infill programme has been completed with no encouraging results. It is anticipated that work will continue with further analysis of the ‘worm’ data. EL8932: The work focus within this Lease is expected to change from the Maximus prospect to outer targets. Surface sampling to outlying targets will be a priority and possible Angle RAB programmes will ensues. EL8980: Since the initial helicopter survey very little work has been done on this EL. It is anticipated that work will continue with further analysis of the ‘worm’ data. EL9476: Projected work in this region should be based around the confirmation of existing regional soils results and a possible continuation of the regional walkabout posthole programme. Pending promising results we envisage that at least one target will be generated for angle RAB drilling. The proposed programme and expenditure commitment is summarised in Table 4


10

TABLE 4 Proposed Expenditure for Peccadillo Agreement, 2002 – 2003

Exploration Licence 8576 8727 8932 8980 9476

Geology 2000 700 1000 550 1100

Computer Support 500 500 500 500 290

Survey 400 400 250 400

Field costs/Access 1000 500 700 250 500

Assaying 3000 2750 100 750

Drilling 6500 8500 1250

Geophysics 500

Geochemistry 2000 4000 300 750

Petrology

TOTAL $15,400 $2,200 $17,850 $1,950 $5,040


11

7.0 REFERENCES Blake D.H., Hodgson I.M. and Muhling, P.C., 1979. Geology of the Granites-Tanami Region, Northern Territory and Western Australia. Bull. 197, Bureau of Mineral Resources, Geology and Geophysics. Burgess H., and Mohammed L., 2nd Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 – Peccadillo 17 March 1999 – 16 March 2000. Tanami Region NT. Otter Gold NL. Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13. Mohammed L., 3rd Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 – Peccadillo 17 March 2000 – 16 March 2001. Tanami Region NT. Otter Gold NL.

Otter Gold NL (100%)

TANAMI REGION

NORTHERN TERRITORY

5th ANNUAL REPORT For

EXPLORATION LICENCES

ELs 8576, 8727, 8932, 8980 & 9476

(Peccadillo Agreement)

17th FEBRUARY 2002 to 16th FEBRUARY 2003

Volume 1 of 1

Newmont Report No: 31080

Compiled By: M.Muir

DISTRIBUTION: NT Dept. Business, Industry & Resource Development

Newmont Exploration

The contents of this report remain the property of Otter Gold NL and may not be published in whole or in part nor used in a company prospectus without written

consent of the company.

OTTER GOLD NL

TITLE: 5th ANNUAL REPORT FOR EXPLORATION LICENCEs 8576, 8727, 8932, 8980 & 9476.

PERIOD: 17th FEBRUARY 2002 to 16th FEBRUARY 2003 REPORT No.: 31080 COMPILED BY: M. MUIR LOCATION: TANAMI 1:250,000 SE 52-15 THE GRANITES 1:250,000 SF 52-03 PARGEE 1:100,000 4758

McFARLANE 1:100,000 4757 COMMODITY: GOLD DATE: MARCH 2003 KEYWORDS: BLEG, GEOCHEMICAL SAMPLING, REGIONAL GEOLOGY,

PROTEROZOIC, VERY LOW GOLD DETECTION ANALYSIS.

SUMMARY The Peccadillo Deed (15/12/97) encompasses Exploration Licenses 8576, 8727, 8932, 8980 and 9476, which were granted on 17th February 1998 for a period of six years. The total area covers 238km2 and is wholly owned by Otter Gold NL (100%). The Peccadillo tenements are located some 50km west of the Tanami Mine. This is the fifth year of tenure. The prospectivity of the Peccadillo Licences is enhanced by the proximity of ML180 (within 10km) where mineral resources have been mined at “Beaver”, “Bonsai”, “Banjo”, “Cheeseman” and “Orion”. During the fifth year of tenure work to be reported was minimal. Ongoing tenure of these licences by Otter Gold NL means that this report should remain CLOSED FILE.

Activity No. of Surface Samples

High Result

Drilling No.

Holes

Drilling Metres

Drill Intercept maximum

Rockchips - - - - - Geochemistry - - - - - RAB/Aircore - - - - -

TABLE OF CONTENTS

1.0 INTRODUCTION ........................................................................................1 2.0 LOCATION AND EXPLORATION HISTORY ........................................1

2.1 Location and Access ...................................................................................1 2.2 Tenement Status .........................................................................................1 2.3 Exploration History – Otter Gold NL..........................................................1

3.0 GEOLOGY ...................................................................................................3 3.1 Regional Geology.......................................................................................3 3.2 Local Geology ............................................................................................5

4.0 EXPLORATION for 17TH FEB 2002 TO 16TH FEB 2003...........................6 5.0 EXPENDITURE FOR PERIOD 17/02/2002 TO 16/02/2003. .....................6

5.1 Expenditure for period 17/02/2002 to 16/02/2003 .......................................6 6.0 PROPOSED EXPENDITURE 2003-2004 ...................................................8 7.0 ENVIRONMENT .........................................................................................8 8.0 REFERENCES .............................................................................................9

LIST OF FIGURES Figure 1 Tenement Location Map

LIST OF TABLES

TABLE 1 Comparison of stratigraphic nomenclature TABLE 2 Expenditure Summary ELs 8576, 8727, 8932, 8980 & 9476

2002-2003 TABLE 3 Proposed Expenditure ELs 8576, 8727, 8932, 8980 & 9476

2003-2004

OTTER GOLD NL 5th Annual Report 2003 ELs 8576, 8727, 8932, 8980 & 9476

1

1.0 INTRODUCTION Exploration Licences (ELs) 8576, 8727, 8932, 8980 & 9476 were granted to Otter Gold NL on the 17th February 1998 for a period of six years. This report documents the work undertaken on the Peccadillo Licences during the fifth year of tenure. 2.0 LOCATION AND EXPLORATION HISTORY 2.1 Location and Access The Peccadillo exploration licences are situated approximately 50 km west of the Tanami Mine Site and approximately 10km west of ML180 where mineral resources have recently been mined at Beaver Creek, Bonsai, Banjo, Cheeseman and Orion (Figure 1). Together these leases cover 260 square kilometres (81 blocks). Primary access is via the Tanami Road and the Wilson’s Track. 2.2 Tenement Status Collectively referred to as Peccadillo, Exploration Licences 8576, 8727, 8932, 8980 and 9476 were granted to Otter Gold NL (100%) on 17th February 1998 for six years as part of The Peccadillo Deed (15/12/97). Tenement (EL) Tenure Blocks Km2 Covenant Rent 8576 5/6 16 51 $15,400 $1,408 8727 5/6 6 19 $2,200 $528 8932 5/6 44 142 $17,850 $3,872 8980 5/6 13 42 $1,950 $1,144 9476 5/6 2 6 $5,040 $176 In December 2001 – January 2002 Normandy NFM gained a controlling interest in Otter Gold NL, the Normandy NFM team took control of Mining Leases and Exploration ground. By May 2002 Newmont Gold had taken over Normandy and had a controlling interest in Normandy NFM (trading as Newmont NFM) and thus Otter Gold NL. 2.3 Exploration History – Otter Gold NL 1998 – 1999: During the first year of exploration delays were encountered with arranging and conduction sacred site clearances within the areas. Clearance procedures were completed with the expectation of commencing work in the 1999 field season. Geophysical Surveys and interpretation were completed of the five Exploration Licences. 1999 – 2000: Second year work programmes included a regional helicopter surface sample programme (400m x 400m), infill programmes (100m x100m) and line sampling at 50m spacing with a high of 28.1ppb Au and 24.5ppb Au being recorded.

(

(

AA

(

(

580000 mE

580000 mE

7820000 mN

7780000 mN

540000 mE

540000 mE

7780

000

mN

500000 mE

500000 mE78

2000

0 m

N

TitaniaTitaniaTitaniaTitaniaTitaniaTitaniaTitaniaTitaniaTitania

KookaburraKookaburraKookaburraKookaburraKookaburraKookaburraKookaburraKookaburraKookaburra

CoyoteCoyoteCoyoteCoyoteCoyoteCoyoteCoyoteCoyoteCoyote





Otter Gold NLPeccadillo Agreement

EL8576, 8727, 8932, 8980 & 9476Tenement Location

Figure 1

Otter Gold NLOtter Gold NL

5 10

kilometres

20

Drawing:

Author:

Office: Darwin

0

Date:28/3/2003


(

(

(

650km

825k

m

LOCATION MAP

DarwinDarwinDarwinDarwinDarwinDarwinDarwinDarwinDarwin

Tennant CkTennant CkTennant CkTennant CkTennant CkTennant CkTennant CkTennant CkTennant Ck

Alice SpringsAlice SpringsAlice SpringsAlice SpringsAlice SpringsAlice SpringsAlice SpringsAlice SpringsAlice Springs

GroundrushGroundrushGroundrushGroundrushGroundrushGroundrushGroundrushGroundrushGroundrush

Tanami MineTanami MineTanami MineTanami MineTanami MineTanami MineTanami MineTanami MineTanami Mine

Tanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami TrackTanami Track

Lajamanu RdLajamanu RdLajamanu RdLajamanu RdLajamanu RdLajamanu RdLajamanu RdLajamanu RdLajamanu Rd

WA NTWA NTWA NTWA NTWA NTWA NTWA NTWA NTWA NT


3

2000 – 2001: Work was extensive during this year with widespread infill surface sampling across the Maximus region and Angle RAB used to define the targets produced. Rockchipping was undertaken with a maximum result of 100g/t Au +. Walkabout posthole was completed over at least five of the Licences determining deep cover in the eastern region of EL 8932 & EL 8980. Shallow cover was confirmed on the western licences even with an alluvial channel defined. Smaller surface sampling programmes were completed to the north of Maximus along the unconformity and outlined potential targets within the Killi Killi sediments with a pyritic component. 2001 – 2002: During the fourth year of tenure work focussed on the remote analysis of geophysical data with the use of the Fractal Graphics method for enhanced multi scale edge analysis (worming) of these regions. The resulting data was analysed for potential targets. An area of interest was discerned within fairly tightly folded Killi Killi Beds adjacent to EL 8932/EL8576. 3.0 GEOLOGY 3.1 Regional Geology The Granites – Tanami Block is bounded to the west by the Canning Basin, and to the east by the Wiso Basin and is considered to be one of the western most Palaeoproterozoic inliers of the Northern Australian Orogenic Province. The block is thought to have developed around the Barramundi Orogeny – major event 1845 – 1840 Ma (Blake et al., 1979). Blake et al (1979) Hendrickx et al (2000)



Birrindudu Group

Gardiner Sandstone


Sandstone

Suplejack

Downs Sandstone




Tanami Complex

Mt. Charles Beds

Killi Killi Beds


Nongra Beds

Helena Creek Beds

McFarlane Peak Group Archaean


Table 1. Comparison of stratigraphic nomenclature (Hendrickx et al, 2000).


4

The stratigraphy of the Tanami Region has been revised as a result of an intensive study recently completed by the NTGS (Hendrickx et al., 2000). The stratigraphy outlined by Blake et al (1979) has had some significant modifications (Table 1). The Archaean Billabong Complex and Browns Range Metamorphics are the oldest rocks in the area. Browns Range Metamorphics comprise granitic gneiss and muscovite schist intruded by fine-grained granite, thin granitic sills, aplite and pegmatite. The Billabong Complex comprises banded granitic gneiss’, which are generally elongated and fault bound. Lying unconformably above the Archaean basement is the Palaeoproterozoic McFarlane Peak Group. These rocks are characterised by a thick sequence of mafic volcanic, volcaniclastic and clastic sedimentary rocks, which possess a distinctive magnetic and gravity signature. This package of rocks is structurally complex and is considered to have a tectonic contact with the overlying Tanami Group. The Tanami group is subdivided into three formations: Twigg Formation: purple siltstone with minor sandstone and chert Killi Killi Formation: turbiditic sandstone Dead Bullock Formation: siltstone, mudstone, chert and banded iron formation The Dead Bullock Formation occurs at the base of the Tanami Group and is dominated by fine-grained sedimentary rocks. The rocks outcrop at Dead Bullock Soak, Lightning Ridge and Officer Hill. At the Granites the rocks have been metamorphosed to amphibolite facies to form andalusite, garnet and hornblende bearing schists. The Dead Bullock formation is host to significant gold mineralisation at the Granites and Dead Bullock Soak. The Killi-Killi Formation conformably overlies the Dead Bullock Formation and is the most extensive formation in the group. The sequence of turbidites includes micaceous greywacke, quartzwacke, and lithic greywacke, quartz arenite and lithic arenite, interbedded with siltstone, mudstone and occasional thin chert beds. Detrital mica is a characteristic feature. The Killi-Killi is metamorphosed to lower greenschist facies and is interpreted to be up to 4km thick. The Twigg formation is confined to a narrow package of rocks immediately west of the Tanami Mine corridor. It comprises a sequence of interbedded purple siltstone with thin-bedded chert and minor medium bedded greywacke. The Pargee Sandstone unconformably overlies the Tanami Group and is exposed on the western side of the Coomarie Dome extending into Western Australia. The Pargee Sandstone comprises thick-bedded quartz arenite, lithic arenite and conglomerate with pebbly sandstone and conglomerate at the base. The Mount Charles Formation comprises an intercalated package of basalts and turbiditic sediments, which occur on the western side of the Frankenia Dome. The Mount Charles Formation is host to structurally controlled vein hosted gold mineralisation in the Tanami Mine Corridor. Sediments include sandstone, mudstone,


5

carbonaceous mudstones and intraclast conglomerate. Basalts are predominantly massive units with pillow basalts and basaltic breccias also evident. The Mt Winnecke Group is also interpreted to lie unconformably over the Tanami Group and is divided into two units - siliciclastic sediments and felsic volcanics. The Nanny Goat Volcanics are characterised by extrusive volcanic rocks including quartz-feldspar ignimbrite, feldspar ignimbrite, rhyolite lava, basalt and minor siliciclastic sediments. The Birrindudu group comprises 3 units with Gardiner Sandstone at the base, overlain by Talbot Well Formation and Coomarie Sandstone. The Suplejack Down sandstone is interpreted to belong to this group but is relationship is unclear. The Birrindudu group lie unconformably over the Browns Range Metamorphics, MacFarlane Peak Group, Tanami Group, Pargee Sandstone, Nanny Goat Creek Volcanics and Mount Winnecke Group. Cenozoic laterite, silcrete, calcrete, and Quaternary debris cover 60 – 70% of the Tanami Desert. The Quaternary sediments are generally unconsolidated, representing the most recent phase of erosion and deposition of sands, gravels and lithic fragments. 3.2 Local Geology The local geology comprises primarily of Kill Killi Beds and Pargee Sandstone. The Kill Killi Beds are characteristically micaceous to phyllitic sandstones. The Pargee Sandstone lies unconformably over the Killi Killi Beds and comprises of sub lithic to lithic arenites, cross-bedded; minor conglomerate and lithic greywacke. Outcropping Pargee Sandstone is folded into a series of NW-SE trending antiforms and synforms which plunge to the north west. The Peccadillo group of tenements lies approximately five kilometres north of the major WNW-ESE trending Trans-Tanami Structure. Several north west trending splays pass through western edge of the Leases. The Peccadillo region has a low magnetic response due to the nature of the Killi Killi and Pargee sediments. To the south of the tenements dolerites have been noted from geophysical interpretation and it is hoped these extend to just west of the Maximus prospect – drilling is required to test there viability as potential hosts as they appear to be under cover. Outcropping regions north and south of the Maximus prospect have been investigated. The contact between the Pargee sandstone and the Killi Killi Beds has provided a conduit for fluids – with pyritic sediments being noted to the north of Maximus. Anomalism is indicated along the north – south unconformity however it appears to be a case of what you see is what you get – with the 10 + ppb Au outcropping. There are extensive plains of quartz float on the west of the Pargee Range.


6

4.0 EXPLORATION for 17TH FEBRUARY 2002 TO 16TH FEBRUARY 2003 Fifth year work programme were put on hold within these regions due to minimal staff being assigned to the Tanami region. Other regions were designated as higher priority targets and thus attention. The takeover of Otter Gold NL by Normandy NFM/Newmont also pushed the field season back with the uncertainty of staff positions and budgets.

5.0 EXPENDITURE FOR PERIOD 17/02/2002 TO 16/02/2003. 5.1 Expenditure for period 17/02/2002 to 16/02/2003 Table 2 summarises the expenditure for the current licence year. The covenants for EL 8576, 8727, 8932, 8980 & 9476 were not met for the 2002 - 2003 year. Reasons for this could include: -problems associated with the takeover of Otter Gold NL by Normandy NFM and then the takeover of Normandy by Newmont - pushing back the commencement of the field season to April – May. -problems associated with confirmation of the budget due to the takeovers. -other targets have taken higher priority and thus attention. -staffing levels not sufficient to cover available ground.


7

Categories EL8576 EL8576 admissible

EL8727 EL8727 admissible




Salary & Wages $8611.95 $8611.95 $350.00 $350.00 $350.00 $350.00 $350.00 $350.00 $395.00 $395.00 General Administration $1560.58 $1560.58 $499.82 $499.82 $466.43 $466.43 $466.40 $466.40 $466.43 $466.43 Tenements Fees / Rentals $3764.17 $2114.17 $8194.17 $3234.17 $1474.17 Tenement Consultants $454.72 $454.72 CLC Compensation CLC Meetings CLC - Consultants Camp Allocations Survey Environmental Light Vehicles alloc Geology - Consultants Geology - Contractor Drilling _RAB Assaying - RAB & Other Geochemistry Geophysics - Consultants General - Consultants Aeromagnetics Contractors $1684.34 $1684.34 $608.75 $608.75 $608.75 $608.75 $608.75 $608.75 $608.75 $608.75

Covenant $15400 $2200 $17850 $1950 $5040 Total $16075.76 $12300.59 $3572.74 $1458.57 $9619.35 $1425.18 $4659.32 $1425.15 $2944.35 $1470.18

TABLE 2 Expenditure Summary for the Peccadillo Agreement 2002-2003


8

6.0 PROPOSED EXPENDITURE 2003-2004 Within the Peccadillo Agreement Region there lie several untested possibilities for districts of anomalism, especially under cover. There remain good possibilities within dolerites and the prospective Killi Killi Beds of further discovery. All the tenements are deemed to be underexplored with the majority of areas only having first pass, regional scale surface sampling. Work in these regions should involve a review of available data by new staff and assessment of existing targets. Site visits are recommended to any potential targets. If the targets are thought suitable for testing then a base programme of patterned posthole/surface sampling (using the Newmont NFM proprietary technique BLEG) will be used to test the targets validity. Pending promising results we envisage that at least one target will be generated for angle RAB drilling. TABLE 3 Proposed Expenditure Summary for the Peccadillo Agreement

2003-2004 Licence 8576 8727 8932 8980 9476 Proposed Expenditure

$8000 $2200 $12000 $2500 $3000

7.0 ENVIRONMENT Environmental disturbance has been kept to a minimum wherever possible through the last five years. Mature trees were not disturbed and trimming of vegetation was limited to small bushes and grasses in order to obtain line of sight in gridding. All drill pads were cleared by hand and holes plugged with concrete plugs and back-filled. All rubbish was removed from sites. Otter Gold NL has maintained an ongoing commitment to rehabilitation, and has undertaken the following tasks:

1) collected sample bags; 2) capped and backfilled drill holes; 3) backfilled all sumps and mine excavations, 4) removed all debris and drilling consumables, 5) restricted access to drill sites.


9

8.0 REFERENCES Blake D.H., Hodgson I.M., and Muhling, P.C., 1979. Geology of the Granites-Tanami Region, Northern Territory and Western Australia. Bull. 197, Bureau of Mineral Resources, Geology and Geophysics. Burgess, H & Mohammed, L., 1ST Annual Report for EL's 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 1999. Otter Gold NL NTDME Annual Report. Burgess, H., 2ND Annual Report for EL’s 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2000. Otter Gold NL NTDME Annual Report. Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13. Mohammed, L., 3rd Annual Report for EL's 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2001. Otter Gold NL NTDME Annual Report. Muir, M., 4th Annual Report for EL’s 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2002. Otter Gold NL NTDME Annual Report.

ANNUAL REPORT for

EL8576 Peccadillo Central 1

for the period

3rd February 2009 to 2nd February 2010

‘Peccadillo’ Project Northern Territory

Volume 1 of 1

1:250,000 SHEET: 1:100,000 SHEET:

THE GRANITES TANAMI MCFARLANE PARGEE

SF52-03 SE52-15 4757 4758

AUTHOR: TENEMENT HOLDER:

M. Eisenlohr Australian Tenement Holdings Pty Ltd

DISTRIBUTION: NT Department of Regional Development, Primary Industries, Fisheries and Resources

Newmont Asia Pacific

Central Land Council

The contents of this report remain the property of Australian Tenement Holdings Pty Ltd and may not be published in whole or in part nor used in a company prospectus without the written consent of the

Company.

March 2010 NEWMONT CR 34773

EL8576 Annual report for the period 03/02/2009 to 02/02/2010 CR34773

1

SUMMARY

This is the annual report on EL 8576 for the period 3rd February 2009 to 2nd February 2010.

No field exploration was carried out over the area.

It is important for ATH to ensure that there is a reasonable amount of exploration land to include with the TMJV/Groundrush Mining Leases as a saleable package. If we reduce the ATH landholdings in the vicinity of the TMJV/Groundrush Mining Leases and processing infrastructure, the likelihood of securing a sale to an established junior Mining Company or Initial Public Offerings may be diminished. In addition, all of the area covered by the project area is considered prospective for gold mineralisation similar to the Tanami, Twin Bonanza, Old Pirate & Groundrush deposits and any purchaser will require time to effectively evaluate the exploration potential of the area.

Further to our recent discussions with the Department of Regional Development, Primary Industries, Fisheries and Resources, Newmont Australia Limited (Newmont) anticipates recommencing the divestment of the ATH exploration tenements and TMJV/Groundrush mining leases subject to an improvement in market conditions.

During 2010 Newmont is planning to continue with its environmental auditing of ATH tenements to ensure the success of previous rehabilitation of exploration disturbances.

1


TABLE OF CONTENTS

1. INTRODUCTION......................................................................................................................2

2. TENEMENT DETAILS .............................................................................................................2

3. LOCATION AND ACCESS......................................................................................................2

4. GEOLOGY ...............................................................................................................................2

5. PREVIOUS EXPLORATION....................................................................................................3

6. EXPLORATION DURING THE PERIOD 3rd February 2009 to 2nd February 2010 ...............4

7. REFERENCE LIST ..................................................................................................................5

LIST OF TABLES

Table 1: Tenement Summary for EL 8576............................................................................. 2

LIST OF FIGURES

Figure 1 Tenement Location .................................................................................................. 4 Figure 2 Access ..................................................................................................................... 5

2


1. INTRODUCTION

EL 8576 – Peccadillo Central 1 – was granted to Otter Gold NL on 17 February 1998 and is now being held by Australian Tenement Holdings Pty Ltd. This is the Annual report for the period 3rd February 2009 to 2nd February 2010.

2. TENEMENT DETAILS

Tenement details are listed in Table 1:

Table 1: Tenement Summary for EL 8576

Licence Status Grant Date Area/Blocks

EL 8576 Granted 17/02/1998 16

3. LOCATION AND ACCESS

EL 8576 is located on The Granites and Tanami 1:250 000 map sheets (McFarlane 4757, Pargee 4758), approximately 650 km northwest of Alice Springs and approximately 50km west of the Tanami Gold Mine. Access is by air or via the Tanami Highway and a network of pre-existing and newly formed tracks.

4. GEOLOGY

The Granites-Tanami Goldfield lies in the eastern part of the Early Proterozoic Granites-Tanami Inlier, which is part of the Northern Australian Orogenic Province (Plumb, 1990). The Inlier abuts the Arunta Complex to the south and east and is probably a continuation of the Halls Creek Orogen in Western Australia (Hendricks et al., 2000). It underlies younger cover sequences including the extensive Paleozoic Wiso Basin on its northeastern margin, and the Victoria River Basin to the north. To the west clastic sedimentary rocks of the Middle Proterozoic Birrindudu Basin overlie and separated the Inlier from the similar aged rocks of the Halls Creek Province.

The oldest rocks of the Tanami region belong to the Billabong Complex, a suite of Archean age gneiss and schist. These are unconformably overlain by the Proterozoic MacFarlanes Peak Group (mafic volcanic and volcaniclastic rocks), followed by a thick succession of clastic sediments of the Tanami Group (Hendricks et al., 2000). A suite of syn- to post-deformation dolerites and gabbros are found intruding both the MacFarlane Peak and Tanami Groups.

Complex polyphase deformation during the Barramundi Orogeny (1845-1840Ma) has affected the entire Granites-Tanami Inlier. It appears to have been largely controlled by two sets of regional scale fundamental crustal fractures that trend NNE and WNW. This is evidenced by the orientation of successive phases of macroscopic folding in the region and the consistent sympathetic trends of late tectonic faults.

Peak metamorphism during the Barramundi Orogeny reached amphibolite facies (Granites Gold Mine), but is more generally greenschist facies through the Inlier (Callie

3


Gold Mine). Contact metamorphic aureoles, commonly identified in politic schist units by randomly orientated andalusite porphyroblasts, are well developed at the margins of the syn- and post-orogenic granite plutons.

Localised extension followed, forming small basins, that filled with shallow marine sediments to the west (Pargee Sandstone) and pillow basalts and turbiditic sediments to the east (Mt Charles Formation).

Following the period of extension, widespread granite intrusion and volcanism followed in the period 1830 – 1810 Ma. At least three suites of granitic intrusives and two volcanic complexes are present. The last intrusion of (undeformed) granite occurred at around 1800 – 1795Ma, with the intrusion of The Granites Suite (Hendrickx et al, 2000).

Residual hills of gently folded Carpentarian Gardiner Sandstone unconformably overlie Early Proterozoic lithologies. Younger flatlying Cambrian Antrim Plateau Basalts are also preserved as platform cover in areas protected from erosional stripping.

Tertiary drainage channels, now completely filled with alluvial and lacustrine clays and calcrete are a major feature of the region. Some drainage profiles are 10 km wide and greater than 100m deep.

A desert terrain comprising transported and residual colluvial cover sediments and aeolian sand blanket a large portion of the Inlier, with an estimated outcrop exposure of less than 10% of the early Proterozoic lithological units.

Gold mineralisation within the Newmont Tanami tenement holdings is dominantly hosted by the Tanami Group, a sequence of fine to medium-grained turbiditic metagreywackes with lesser amounts of metapelite, carbonaceous siltstone and schist, banded ironformation, chert and calcsilicates. (Hendrickx et al, 2000). Owing to their more resistant nature, only the cherts and iron-formations and associated interbedded graphitic schists tend to outcrop above the sand plain. The interlayered pillow basalts and sediments of the Mt.Charles Formation at the Tanami Mine deposits also host significant gold mineralisation.

5. PREVIOUS EXPLORATION

1998 – 1999:

During the first year of exploration, delays were encountered with arranging and conduction sacred site clearances within the areas. Clearance procedures were completed with the expectation of commencing work in the 1999 field season. Geophysical Surveys and interpretation were completed.

1999 – 2000:

Second year work programs included a regional helicopter surface sampling program (400m x 400m), infill programs (100m x100m) and line sampling at 50m spacing with a high of 28.1ppb Au and 24.5ppb Au being recorded.

2000 – 2001:

Work was extensive during this year with widespread infill surface sampling across the Maximus region and Angle RAB used to define the targets produced. Rock chip sampling was undertaken with a maximum result of 100g/t Au +. Walkabout posthole was completed over at least five of the licences determining deep cover in the eastern

4


region of EL 8932 & EL 8980. Shallow cover was confirmed on the western licences even with an alluvial channel defined. Smaller surface sampling programs were completed to the north of Maximus along the unconformity and outlined potential targets within the Killi Killi sediments with a pyritic component.

2001 – 2002:

During the fourth year of tenure work focused on the remote analysis of geophysical data with the use of the Fractal Graphics method for enhanced multi scale edge analysis (worming) of these regions. The resulting data was analysed for potential targets. An area of interest was discerned within fairly tightly folded Killi Killi Beds adjacent to EL 8932/EL8576.

2002 – 2003:

Fifth year work programs were put on hold within these regions due to minimal staff being assigned to the Tanami region. The takeover of Otter Gold NL by Normandy NFM/Newmont also pushed the field season back with the uncertainty of staff positions and budgets.

2003 – 2004

Work within the Peccadillo group of Licences concentrated on the interpretation and mapping as part of the preparation for a new structural interpretation of the Tanami region as part of a major strategic review of the Tanami Region. Data review and interpretation continued for the gathering of information for the 2004 budget.

2005 – 2008

No exploration work was carried out during the period.

6. EXPLORATION DURING THE PERIOD 3rd February 2009 to 2nd February 2010

No field exploration has been carried out over the tenement area as Newmont is compiling a saleable tenement package and is anticipating the divestment of the ATH exploration tenements in the near future subject to an improvement in market conditions.

Figure 1 Tenement Location

NEWMONT EXPLORATION PTY LTD

Tanami Project

TENEMENT LOCATIONAuthor: M. Eisenlohr

Drawn: V. Preedy

File: TAN_Lnd_Ten_A4_EL8576Loc.mxd\AUS\NT\Tanami\_Tenements\MXD\Reports\

Date: Feb 2010

Scale: 1:3 500 000

Projection: Lat/Long (GDA 94)

NT

Map Area

Alice Springs

Tennant Creek

133°

30'

E

133°3

0'E

132°

E

132°E

130°

30'

E

130°3

0'E

129°

E

129°E

19°S 19°S

20°S 20°S

21°S 21°S

22°S 22°S

23°S 23°S

0 50 100

Kilometers

EL 8576

T E AT E AA R E AA R E A

SE52-15Tanami

SF52-03The Granites

WA

NT

QLD

SANSW

VIC

TAS

ACT

Map Area ´


L,

L,

L,

L,

L,L,

L,

L,

L,

L,

L,L,

L,

L,

L,

L,

!

!

!

!

!

P

!(

!(

Nora Range

Wilson Range

Killi Killi Hills

Pargee Range

Larranganni BluffPingidijarra Hills

MacFarlanes Camp

Balwina Camp

Wilsons Camp

Bald Hill

Tent Hill

Killi Killi Hills

Watts Rise

Mount Frederick

129°30'E

129°30'E

129°20'E

129°20'E

129°10'E

129°10'E

129°E

129°E

128°50'E

128°50'E19°30'S 19°30'S

19°40'S 19°40'S

19°50'S 19°50'S

20°S 20°S

20°10'S 20°10'S

20°20'S 20°20'S

20°30'S 20°30'S

LOCATION AND ACCESSAuthor: M. Eisenlohr

Drawn: V. Preedy

File: TAN_Lnd_Ten_A4_EL8576Access.mxd\AUS\NT\Tanami\_Tenements\MXD\Reports\

Date: Feb 2010

Scale: 1:500 000


Tanami Project

EL 8576

EL 8576

0 10 20

Kilometers

5


Figure 2 Access

7. REFERENCE LIST

Blake, D.H., Hodgson, I.M., and Muhling, P.C., 1979. Geology of the Granites-Tanami Region, Northern Territory and Western Australia, Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 197

Blake, D.H., Stewart, A.J., Sweet, I.P., & Hone, I.G., 1987. Geology of the Proterozoic Davenport Province, Central Australia. Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 226.

Dean, A., 2001. Igneous rocks of the Tanami Region. Northern Territory Geological Survey, Record 2001-003.

Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13.

Hodgson, C.J., 1975. Tanami Northern Territory, 1:250,000 Geological Series: Explanatory Notes.

Plumb, K.A. 1990. Halls Creek Province and The Granites-Tanami Inlier – regional geology and mineralisation, in Geology of the Mineral Deposits of Australia and Papua New Guinea (Ed F.E. Hughes) pp 681-695 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Shaw, R.D., Stewart, A.J., & Black, L.P., 1984. The Arunta Inlier: A complex Ensiatic Mobile Belt in Central Australia. Part 2: Tectonic History. Australian Journal of Earth Science, 31, pp 457-484.

Eisenlohr, M., 2009; Annual Report for EL8576 - Peccadillo Central 1 for the period 03/02/2008 to 02/02/2009 CR34096

BIBLIOGRAPHIC DATA SHEET

HOLDER Australian Tenement Holdings

Pty Ltd

PROJECT Peccadillo

TENEMENTS EL8576 – Peccadillo Central 1

REPORT NUMBER CR 34773

DATE 2nd March 2010

AUTHORS M. Eisenlohr

STATE NT

LATITUDE -19°57’ to -20° 04’

LONGITUDE 129° 09’ to 129° 12’

1:250 000 SHEET The Granites Tanami

SF52-03 SE52-15

1:100 000 SHEET McFarlane Pargee

4757 4758

COMMODITY Gold

KEYWORDS

N E W M O NT ASIA PACIFIC N E W M O N T T A N A M I PTY LTD

ANNUAL REPORT FOR EL 8576

Peccadillo Central 1

for the period 03/02/2008 to 02/02/2009

Peccadillo NORTHERN TERRITORY

Volume 1 of 1

1:250,000 SHEET: The Granites SF52-03 Tanami SE52-15 1:100,000 SHEET: McFarlane 4757 Pargee 4758

AUTHOR: M. Eisenlohr

TENEMENT HOLDERS: Australian Tenement Holdings Pty Ltd

DISTRIBUTION: Northern Territory Department of Regional Development,

Primary Industry, Fisheries and Resources

Australian Tenement Holdings Pty Ltd

Newmont Asia Pacific

Central Land Council

The contents of this report remain the property of Australian Tenement Holdings Pty Ltd and may not be published in whole or in part nor used in a company prospectus without the written consent of the Company.

MARCH 2009 NEWMONT CR 34096


1

SUMMARY

This is the annual report on EL 8576 for the period 3 February 2008 to 2 February 2009.

No field exploration was carried out over the area.


1

TABLE OF CONTENTS

1. INTRODUCTION......................................................................................................................2

2. TENEMENT DETAILS .............................................................................................................2

3. LOCATION AND ACCESS......................................................................................................2

4. GEOLOGY ...............................................................................................................................2

5. PREVIOUS EXPLORATION....................................................................................................3

6. EXPLORATION DURING THE PERIOD 19 DECEMBER 2007 TO 18 DECEMBER 2008 ....4

7. REFERENCE LIST ..................................................................................................................5

LIST OF TABLES

Table 1: Tenement Summary for EL 8576...................................................................................2

LIST OF FIGURES

Figure 1 Tenement Location ........................................................................................................4 Figure 2 Access ...........................................................................................................................5


2

1. INTRODUCTION

EL 8576 – Peccadillo Central 1 – was granted to Otter Gold NL on 17 February 1998 and is now being held by Australian Tenement Holdings Pty Ltd. This is the Annual report for the period 3 February 2008 to 2 February 2009.

2. TENEMENT DETAILS

Tenement details are listed in Table 1:

Table 1: Tenement Summary for EL 8576

Licence Status Grant Date Area/Blocks

EL 8576 Granted 17/02/1998 16

3. LOCATION AND ACCESS

EL 8576 is located on The Granites and Tanami 1:250 000 map sheets (McFarlane 4757, Pargee 4758), approximately 650 km northwest of Alice Springs and approximately 50km west of the Tanami Gold Mine. Access is by air or via the Tanami Highway and a network of pre-existing and newly formed tracks.

4. GEOLOGY

The Granites-Tanami Goldfield lies in the eastern part of the Early Proterozoic Granites-Tanami Inlier, which is part of the Northern Australian Orogenic Province (Plumb, 1990). The Inlier abuts the Arunta Complex to the south and east and is probably a continuation of the Halls Creek Orogen in Western Australia (Hendricks et al., 2000). It underlies younger cover sequences including the extensive Paleozoic Wiso Basin on its northeastern margin, and the Victoria River Basin to the north. To the west clastic sedimentary rocks of the Middle Proterozoic Birrindudu Basin overlie and separated the Inlier from the similar aged rocks of the Halls Creek Province.

The oldest rocks of the Tanami region belong to the Billabong Complex, a suite of Archean age gneiss and schist. These are unconformably overlain by the Proterozoic MacFarlenes Peak Group (mafic volcanic and volcaniclastic rocks), followed by a thick succession of clastic sediments of the Tanami Group (Hendricks et al., 2000). A suite of syn- to post-deformation dolerites and gabbros are found intruding both the MacFarlane Peak and Tanami Groups.


3Complex polyphase deformation during the Barramundi Orogeny (1845-1840Ma) has affected the entire Granites-Tanami Inlier. It appears to have been largely controlled by two sets of regional scale fundamental crustal fractures that trend NNE and WNW. This is evidenced by the orientation of successive phases of macroscopic folding in the region and the consistent sympathetic trends of late tectonic faults.

Peak metamorphism during the Barramundi Orogeny reached amphibolite facies (Granites Gold Mine), but is more generally greenschist facies through the Inlier (Callie Gold Mine). Contact metamorphic aureoles, commonly identified in politic schist units by randomly orientated andalusite porphyroblasts, are well developed at the margins of the syn- and post-orogenic granite plutons.

Localised extension followed, forming small basins, that filled with shallow marine sediments to the west (Pargee Sandstone) and pillow basalts and turbiditic sediments to the east (Mt Charles Formation).

Following the period of extension, widespread granite intrusion and volcanism followed in the period 1830 – 1810 Ma. At least three suites of granitic intrusives and two volcanic complexes are present. The last intrusion of (undeformed) granite occurred at around 1800 – 1795Ma, with the intrusion of The Granites Suite (Hendrickx et al, 2000).

Residual hills of gently folded Carpentarian Gardiner Sandstone unconformably overlie Early Proterozoic lithologies. Younger flatlying Cambrian Antrim Plateau Basalts are also preserved as platform cover in areas protected from erosional stripping.

Tertiary drainage channels, now completely filled with alluvial and lacustrine clays and calcrete are a major feature of the region. Some drainage profiles are 10 km wide and greater than 100m deep.

A desert terrain comprising transported and residual colluvial cover sediments and aeolian sand blanket a large portion of the Inlier, with an estimated outcrop exposure of less than 10% of the early Proterozoic lithological units.

Gold mineralisation within the Newmont Tanami tenement holdings is dominantly hosted by the Tanami Group, a sequence of fine to medium-grained turbiditic metagreywackes with lesser amounts of metapelite, carbonaceous siltstone and schist, banded ironformation, chert and calcsilicates. (Hendrickx et al, 2000). Owing to their more resistant nature, only the cherts and iron-formations and associated interbedded graphitic schists tend to outcrop above the sand plain. The interlayered pillow basalts and sediments of the Mt.Charles Formation at the Tanami Mine deposits also host significant gold mineralisation.

5. PREVIOUS EXPLORATION

1998 – 1999:

During the first year of exploration, delays were encountered with arranging and conduction sacred site clearances within the areas. Clearance procedures were completed with the expectation of commencing work in the 1999 field season. Geophysical Surveys and interpretation were completed.


41999 – 2000:

Second year work programs included a regional helicopter surface sampling program (400m x 400m), infill programs (100m x100m) and line sampling at 50m spacing with a high of 28.1ppb Au and 24.5ppb Au being recorded.

2000 – 2001:

Work was extensive during this year with widespread infill surface sampling across the Maximus region and Angle RAB used to define the targets produced. Rock chip sampling was undertaken with a maximum result of 100g/t Au +. Walkabout posthole was completed over at least five of the licences determining deep cover in the eastern region of EL 8932 & EL 8980. Shallow cover was confirmed on the western licences even with an alluvial channel defined. Smaller surface sampling programs were completed to the north of Maximus along the unconformity and outlined potential targets within the Killi Killi sediments with a pyritic component.

2001 – 2002:

During the fourth year of tenure work focused on the remote analysis of geophysical data with the use of the Fractal Graphics method for enhanced multi scale edge analysis (worming) of these regions. The resulting data was analysed for potential targets. An area of interest was discerned within fairly tightly folded Killi Killi Beds adjacent to EL 8932/EL8576.

2002 – 2003:

Fifth year work programs were put on hold within these regions due to minimal staff being assigned to the Tanami region. The takeover of Otter Gold NL by Normandy NFM/Newmont also pushed the field season back with the uncertainty of staff positions and budgets.

2003 – 2004

Work within the Peccadillo group of Licences concentrated on the interpretation and mapping as part of the preparation for a new structural interpretation of the Tanami region as part of a major strategic review of the Tanami Region. Data review and interpretation continued for the gathering of information for the 2004 budget.

2005 – 2007

No exploration work was carried out during the period.

6. EXPLORATION DURING THE PERIOD 19 DECEMBER 2007 TO 18 DECEMBER 2008

No field exploration has been carried out over the tenement area as Newmont is compiling a saleable tenement package and is anticipating the divestment of the ATH exploration tenements in the near future subject to an improvement in market conditions.

Figure 1 Tenement Location


Tanami Project

TENEMENT LOCATIONAuthor: M. Eisenlohr

Drawn: V. Preedy

File: TAN_Lnd_Ten_A4_EL8576Loc.mxd\AUS\NT\Tanami\_Tenements\MXD\Reports\

Date: 5/2/2009

Scale: 1:3 500 000


NT

Map Area

Alice Springs

Tennant Creek

133°

30'E

133°30'E

132°

E

132°E

130°

30'E

130°30'E

129°

E

129°E

19°S 19°S

20°S 20°S

21°S 21°S

22°S 22°S

23°S 23°S

0 50 100

Kilometers

EL 8576

T E AT E AA R E AA R E A

SE52-15Tanami

SF52-03The Granites

WA

NT

QLD

SANSW

VIC

TAS

ACT

Map Area ´


L,

L,

L,

L,

L,L,

L,

L,

L,

L,

L,L,

L,

L,

L,

L,

!

!

!

!

!

P

!(

!(

Nora Range

Wilson Range

Killi Killi Hills

Pargee Range

Larranganni BluffPingidijarra Hills

MacFarlanes Camp

Balwina Camp

Wilsons Camp

Bald Hill

Tent Hill

Killi Killi Hills

Watts Rise

Mount Frederick

129°30'E

129°30'E

129°20'E

129°20'E

129°10'E

129°10'E

129°E

129°E

128°50'E

128°50'E19°30'S 19°30'S

19°40'S 19°40'S

19°50'S 19°50'S

20°S 20°S

20°10'S 20°10'S

20°20'S 20°20'S

20°30'S 20°30'S

LOCATION AND ACCESSAuthor: M. Eisenlohr

Drawn: V. Preedy

File: TAN_Lnd_Ten_A4_EL8576Access.mxd\AUS\NT\Tanami\_Tenements\MXD\Reports\

Date: 5/2/2009

Scale: 1:500 000


Tanami Project

EL 8576

EL 8576

0 10 20

Kilometers


5

Figure 2 Access

7. REFERENCE LIST

Blake, D.H., Hodgson, I.M., and Muhling, P.C., 1979. Geology of the Granites-Tanami Region, Northern Territory and Western Australia, Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 197

Blake, D.H., Stewart, A.J., Sweet, I.P., & Hone, I.G., 1987. Geology of the Proterozoic Davenport Province, Central Australia. Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 226.

Dean, A., 2001. Igneous rocks of the Tanami Region. Northern Territory Geological Survey, Record 2001-003.

Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13.

Hodgson, C.J., 1975. Tanami Northern Territory, 1:250,000 Geological Series: Explanatory Notes.

Plumb, K.A. 1990. Halls Creek Province and The Granites-Tanami Inlier – regional geology and mineralisation, in Geology of the Mineral Deposits of Australia and Papua New Guinea (Ed F.E. Hughes) pp 681-695 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Shaw, R.D., Stewart, A.J., & Black, L.P., 1984. The Arunta Inlier: A complex Ensiatic Mobile Belt in Central Australia. Part 2: Tectonic History. Australian Journal of Earth Science, 31, pp 457-484.

Otter Gold NL (100%)

TANAMI REGION

NORTHERN TERRITORY

6th ANNUAL REPORT For

EXPLORATION LICENCES

ELs 8576, 8727, 8932, 8980 & 9476

(Peccadillo Agreement)

17th FEBRUARY 2003 to 16th FEBRUARY 2004

Volume 1 of 1

Newmont Report No: 31401

Compiled By: M.Muir

DISTRIBUTION: NT Dept. Business, Industry & Resource Development

Newmont Exploration

The contents of this report remain the property of Otter Gold NL and may not be published in whole or in part nor used in a company prospectus without written

consent of the company.

OTTER GOLD NL

TITLE: 6th ANNUAL REPORT FOR EXPLORATION LICENCEs 8576, 8727, 8932, 8980 & 9476.

PERIOD: 17th FEBRUARY 2003 to 16th FEBRUARY 2004 REPORT No.: 31401 COMPILED BY: M. MUIR LOCATION: TANAMI 1:250,000 SE 52-15 THE GRANITES 1:250,000 SF 52-03 PARGEE 1:100,000 4758

McFARLANE 1:100,000 4757 COMMODITY: GOLD DATE: MARCH 2004 KEYWORDS: COSTS, DOLERITES, PROSPECT GEOLOGY, PROTEROZOIC,

RECONNAISSANCE, REGIONAL GEOLOGY, SEDIMENTARY GEOLOGY, VEIN DEPOSITS (MAXIMUS PROSPECT).

SUMMARY

The Peccadillo Deed (15/12/97) encompasses Exploration Licenses 8576, 8727, 8932, 8980 and 9476, which were granted on 17th February 1998 for a period of six years. The total area covers 238km2 and is wholly owned by Otter Gold NL (100%) which is currently operated by Newmont Exploration. The Peccadillo tenements are located some 50km west of the Tanami Mine. This is the sixth year of tenure. The prospectivity of the Peccadillo Licences is enhanced by the proximity of ML180 (within 10km) where mineral resources have been mined at “Beaver”, “Bonsai”, “Banjo”, “Cheeseman” and “Orion”. During the sixth year of tenure work to be reported concentrated on the Peccadillo group of Licences as part of preparation for a new structural interpretation of the Tanami region. Data review and interpretation continued for the gathering of information for the 2004 budget. Ongoing tenure of these licences by Otter Gold NL means that this report should remain CLOSED FILE.

TABLE OF CONTENTS

1.0 INTRODUCTION............................................................................................1 2.0 LOCATION AND EXPLORATION HISTORY ..........................................1

2.1 Location and Access ......................................................................................1 2.2 Tenement Status.............................................................................................1 2.3 Exploration History – Otter Gold NL ............................................................1

3.0 GEOLOGY .......................................................................................................3 3.1 Regional Geology ..........................................................................................3 3.2 Local Geology................................................................................................5

4.0 EXPLORATION for 17TH FEB 2003 TO 16TH FEB 2004............................6 5.0 EXPENDITURE FOR PERIOD 17/02/2003 TO 16/02/2004. ......................7

5.1 Expenditure for period 17/02/2003 to 16/02/2004.........................................7 6.0 PROPOSED EXPENDITURE 2004-2005 ...................................................12 7.0 ENVIRONMENT...........................................................................................12 8.0 REFERENCES...............................................................................................13

LIST OF FIGURES Figure 1 Tenement Location Map

LIST OF TABLES

TABLE 1 Tenement Status TABLE 2 Comparison of stratigraphic nomenclature TABLE 3 Expenditure Summary for EL8576 17/02/2003 to 16/02/2004 TABLE 4 Expenditure Summary for EL8727 17/02/2003 to 16/02/2004 TABLE 5 Expenditure Summary for EL8932 17/02/2003 to 16/02/2004 TABLE 6 Expenditure Summary for EL8980 17/02/2003 to 16/02/2004 TABLE 7 Expenditure Summary for EL9476 17/02/2003 to 16/02/2004 TABLE 8 Proposed Expenditures ELs 8576, 8727, 8932, 8980 & 9476

2004-2005


1

1.0 INTRODUCTION Exploration Licences (ELs) 8576, 8727, 8932, 8980 & 9476 were granted to Otter Gold NL on the 17th February 1998 for a period of six years. This report documents the work undertaken by Newmont Exploration on the Peccadillo Licences during the sixth year of tenure. 2.0 LOCATION AND EXPLORATION HISTORY 2.1 Location and Access The Peccadillo exploration licences are situated approximately 50 km west of the Tanami Mine Site and approximately 10km west of ML180 where mineral resources have recently been mined at Beaver Creek, Bonsai, Banjo, Cheeseman and Orion (Figure 1). Together these leases cover 260 square kilometres (81 blocks). Primary access is via the Tanami Road and Newmont Explorations’ ‘Wilson’s Track’. 2.2 Tenement Status Collectively referred to as Peccadillo, Exploration Licences 8576, 8727, 8932, 8980 and 9476 were granted to Otter Gold NL (100%) on 17th February 1998 for six years as part of The Peccadillo Deed (15/12/97). Tenement (EL) Tenure Blocks Km2 Covenant

YE 16/02/2004

8576 6/6 16 51 $8,000 8727 6/6 6 19 $2,200 8932 6/6 44 142 $12,000 8980 6/6 13 42 $2,500 9476 6/6 2 6 $3,000 TABLE 1: Tenement Status 2.3 Exploration History – Otter Gold NL 1998 – 1999: During the first year of exploration delays were encountered with arranging and conduction sacred site clearances within the areas. Clearance procedures were completed with the expectation of commencing work in the 1999 field season. Geophysical Surveys and interpretation were completed of the five Exploration Licences. 1999 – 2000: Second year work programmes included a regional helicopter surface sample programme (400m x 400m), infill programmes (100m x100m) and line sampling at 50m spacing with a high of 28.1ppb Au and 24.5ppb Au being recorded.

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580000 mE

580000 mE

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Otter Gold NLPeccadillo Agreement

EL8576, 8727, 8932, 8980 & 9476Tenement Location

Figure 1

Otter Gold NLOtter Gold NL

5 10

kilometres

20

Drawing:

Author:

Office: Darwin

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Date:28/3/2003


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LOCATION MAP

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2000 – 2001: Work was extensive during this year with widespread infill surface sampling across the Maximus region and Angle RAB used to define the targets produced. Rockchipping was undertaken with a maximum result of 100g/t Au +. Walkabout posthole was completed over at least five of the Licences determining deep cover in the eastern region of EL 8932 & EL 8980. Shallow cover was confirmed on the western licences even with an alluvial channel defined. Smaller surface sampling programmes were completed to the north of Maximus along the unconformity and outlined potential targets within the Killi Killi sediments with a pyritic component. 2001 – 2002: During the fourth year of tenure work focussed on the remote analysis of geophysical data with the use of the Fractal Graphics method for enhanced multi scale edge analysis (worming) of these regions. The resulting data was analysed for potential targets. An area of interest was discerned within fairly tightly folded Killi Killi Beds adjacent to EL 8932/EL8576. 2002 – 2003: Fifth year work programme were put on hold within these regions due to minimal staff being assigned to the Tanami region. Other regions were designated as higher priority targets and thus attention. The takeover of Otter Gold NL by Normandy NFM/Newmont also pushed the field season back with the uncertainty of staff positions and budgets. 3.0 GEOLOGY 3.1 Regional Geology The Granites – Tanami Block is bounded to the west by the Canning Basin, and to the east by the Wiso Basin and is considered to be one of the western most Palaeoproterozoic inliers of the Northern Australian Orogenic Province. The block is thought to have developed around the Barramundi Orogeny – major event 1845 – 1840 Ma (Blake et al., 1979). The stratigraphy of the Tanami Region has been revised as a result of an intensive study recently completed by the NTGS (Hendrickx et al., 2000). The stratigraphy outlined by Blake et al (1979) has had some significant modifications (Table 2). The Archaean Billabong Complex and Browns Range Metamorphics are the oldest rocks in the area. Browns Range Metamorphics comprise granitic gneiss and muscovite schist intruded by fine-grained granite, thin granitic sills, aplite and pegmatite. The Billabong Complex comprises banded granitic gneiss’, which are generally elongated and fault bound. Lying unconformably above the Archaean basement is the Palaeoproterozoic McFarlane Peak Group. These rocks are characterised by a thick sequence of mafic volcanic, volcaniclastic and clastic sedimentary rocks, which possess a distinctive magnetic and gravity signature. This package of rocks is structurally complex and is considered to have a tectonic contact with the overlying Tanami Group.


4

Blake et al (1979) Hendrickx et al (2000)



Birrindudu Group

Gardiner Sandstone


Sandstone

Suplejack

Downs Sandstone




Tanami Complex

Mt. Charles Beds

Killi Killi Beds


Nongra Beds

Helena Creek Beds

McFarlane Peak Group Archaean


TABLE 2. Comparison of stratigraphic nomenclature (Hendrickx et al, 2000). The Tanami group is subdivided into three formations: Twigg Formation: purple siltstone with minor sandstone and chert Killi Killi Formation: turbiditic sandstone Dead Bullock Formation: siltstone, mudstone, chert and banded iron formation The Dead Bullock Formation occurs at the base of the Tanami Group and is dominated by fine-grained sedimentary rocks. The rocks outcrop at Dead Bullock Soak, Lightning Ridge and Officer Hill. At the Granites the rocks have been metamorphosed to amphibolite facies to form andalusite, garnet and hornblende bearing schists. The Dead Bullock formation is host to significant gold mineralisation at the Granites and Dead Bullock Soak. The Killi-Killi Formation conformably overlies the Dead Bullock Formation and is the most extensive formation in the group. The sequence of turbidites includes micaceous greywacke, quartzwacke, and lithic greywacke, quartz arenite and lithic arenite, interbedded with siltstone, mudstone and occasional thin chert beds. Detrital mica is a characteristic feature. The Killi-Killi is metamorphosed to lower greenschist facies and is interpreted to be up to 4km thick. The Twigg formation is confined to a narrow package of rocks immediately west of the Tanami Mine corridor. It comprises a sequence of interbedded purple siltstone with thin-bedded chert and minor medium bedded greywacke.


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The Pargee Sandstone unconformably overlies the Tanami Group and is exposed on the western side of the Coomarie Dome extending into Western Australia. The Pargee Sandstone comprises thick-bedded quartz arenite, lithic arenite and conglomerate with pebbly sandstone and conglomerate at the base. The Mount Charles Formation comprises an intercalated package of basalts and turbiditic sediments, which occur on the western side of the Frankenia Dome. The Mount Charles Formation is host to structurally controlled vein hosted gold mineralisation in the Tanami Mine Corridor. Sediments include sandstone, mudstone, carbonaceous mudstones and intraclast conglomerate. Basalts are predominantly massive units with pillow basalts and basaltic breccias also evident. The Mt Winnecke Group is also interpreted to lie unconformably over the Tanami Group and is divided into two units - siliciclastic sediments and felsic volcanics. The Nanny Goat Volcanics are characterised by extrusive volcanic rocks including quartz-feldspar ignimbrite, feldspar ignimbrite, rhyolite lava, basalt and minor siliciclastic sediments. The Birrindudu group comprises 3 units with Gardiner Sandstone at the base, overlain by Talbot Well Formation and Coomarie Sandstone. The Suplejack Down sandstone is interpreted to belong to this group but is relationship is unclear. The Birrindudu group lie unconformably over the Browns Range Metamorphics, MacFarlane Peak Group, Tanami Group, Pargee Sandstone, Nanny Goat Creek Volcanics and Mount Winnecke Group. Cenozoic laterite, silcrete, calcrete, and Quaternary debris cover 60 – 70% of the Tanami Desert. The Quaternary sediments are generally unconsolidated, representing the most recent phase of erosion and deposition of sands, gravels and lithic fragments. 3.2 Local Geology The local geology comprises primarily of Kill Killi Beds and Pargee Sandstone. The Kill Killi Beds are characteristically micaceous to phyllitic sandstones. The Pargee Sandstone lies unconformably over the Killi Killi Beds and comprises of sub lithic to lithic arenites, cross-bedded; minor conglomerate and lithic greywacke. Outcropping Pargee Sandstone is folded into a series of NW-SE trending antiforms and synforms which plunge to the north west. The Peccadillo group of tenements lies approximately five kilometres north of the major WNW-ESE trending Trans-Tanami Structure. Several north west trending splays pass through western edge of the Leases. The Peccadillo region has a low magnetic response due to the nature of the Killi Killi and Pargee sediments. To the south of the tenements dolerites have been noted from geophysical interpretation and it is hoped these extend to just west of the Maximus prospect – drilling is required to test there viability as potential hosts as they appear to be under cover. Outcropping regions north and south of the Maximus prospect have been investigated. The contact between the Pargee sandstone and the Killi Killi Beds has provided a conduit for fluids – with pyritic sediments being noted to the north of Maximus. Anomalism is


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indicated along the north – south unconformity however it appears to be a case of what you see is what you get – with the 10 + ppb Au outcropping. There are extensive plains of quartz float on the west of the Pargee Range. 4.0 EXPLORATION for 17TH FEBRUARY 2003 TO 16TH FEBRUARY 2004 Work within the Peccadillo group of Licences concentrated on interpretation and mapping as part of preparation for a new structural interpretation of the Tanami region by ‘GRU’ (Brett Davies) – as part of a major strategic review of the Tanami Region. Antony Coote (Petrologist) also prepared a database of all petrological samples taken by Otter Gold in Mapinfo Format for the strategic review. A database of the quartz vein types in the Tanami Region was also prepared. Data review and interpretation continued for the gathering of information for the 2004 budget.


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5.0 EXPENDITURE FOR PERIOD 17/02/2003 TO 16/02/2004. 5.1 Expenditure for period 17/02/2003 to 16/02/2004 TABLE 3 Expenditure Summary for EL8576 17/02/2003 to 16/02/2004

EL8576 Actual YTD Admissible Costs 800001 Proj/Explorn labour 9,600.00 9,600.00 839001 Sal & Wages Allocat 0 0 840000 Employee Cost Allo 427.39 427.39 * Expln Employee Costs 10,027.39 10,027.39 520600 Couriers & Bulk Mai 44.64 44.64 520680 Stationery and Supp 245.09 245.09 520685 Telephone & Fax 77.35 77.35 839003 Regnl Office Alloct 55.08 55.08 840007 Expln Other Alloc 26.62 26.62 * Expl Overheads and Alloca 448.78 448.78 512010 Safety Clothing 133.87 133.87 520082 Minor Capital Expen 643.80 643.80 520085 Maintenance 758.60 758.60 520086 Maintenance - Vehcl 1,219.15 1,219.15 520635 Publications & Subs 0 0 520681 Radio Communication 259.10 259.10 520920 Travel & Accom Loca 363.96 363.96 520925 Travel & Accom Osea 182.19 182.19 550020 Consum. - General 22.73 22.73 550999 Consum-Direct Purch 1,610.38 1,610.38 556095 Spares - Tyres/Tube 354.03 354.03 561020 IT Infras Hardware (643.80) (643.80) 562015 Vehicle Registratio 650.75 650.75 840002 Trav & Accom Allo 6.86 6.86 840003 Draft & IT Alloc 62.15 62.15 840005 Equip & Veh Alloc 2.70 2.70 * Expln Operating Costs 5,626.47 5,626.47 521001 TLO - Comp Payments 4,000.00 521002 TLO - Agrmt Complia 2,442.35 521010 Legal Fees - Non De 65.31 560040 Tenement Fees 75.00 542300 Asset Acquisitions 0 560042 Tenement Rentals 10,240.00 840006 Ten/Legal Cost Allo 17.79 * Expln Tenement Costs 16,840.45 550030 Consum. - Drilling 0 0 * Expln Drilling Costs 0 0 513000 Consultants - Gen. 5,744.79 5,744.79 840001 Cont & Consul Allo 29.71 29.71 * Expln Specialist Services 5,774.50 5,774.50 ** Cost element group 38,717.59 21,877.14 Covenant $8,000


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TABLE 4 Expenditure Summary for EL8727 17/02/2003 to 16/02/2004

EL8727 Actual YTD Admissible Costs 511020 Learning & Develop 1,866.36 1,866.36 800001 Proj/Explorn labour 15,682.00 15,682.00 840000 Employee Cost Allo 427.39 427.39 * Expln Employee Costs 17,975.75 17,975.75 520600 Couriers & Bulk Mai 88.65 88.65 520685 Telephone & Fax 196.80 196.80 839003 Regnl Office Alloct 0 0 840007 Expln Other Alloc 26.62 26.62 * Expl Overheads and Alloca 312.07 312.07 510000 Accom & Messing 93.09 93.09 511015 Staff Amenities 97.68 97.68 512010 Safety Clothing 133.87 133.87 512020 Fire Systems and Ex 240.39 240.39 520086 Maintenance - Vehcl 1,175.79 1,175.79 520635 Publications & Subs 0 0 520900 Travel - Air Charte 916.44 916.44 520920 Travel & Accom Loca 5,247.90 5,247.90 520925 Travel & Accom Osea 182.19 182.19 550020 Consum. - General 22.73 22.73 550999 Consum-Direct Purch 105.72 105.72 556095 Spares - Tyres/Tube 603.64 603.64 561025 IT Maintenance Hard 1,672.67 1,672.67 840002 Trav & Accom Allo 6.86 6.86 840003 Draft & IT Alloc 62.15 62.15 840005 Equip & Veh Alloc 2.70 2.70 * Expln Operating Costs 10,563.82 10,563.82 521001 TLO - Comp Payments 4,000.00 521002 TLO - Agrmt Complia 2,442.35 521005 Legal Fees - Deduct 5,654.41 521010 Legal Fees - Non De 65.31 560040 Tenement Fees 75.00 542300 Asset Acquisitions 0 560042 Tenement Rentals 3,840.00 840006 Ten/Legal Cost Allo 17.79 * Expln Tenement Costs 16,094.86 550030 Consum. - Drilling 0 0 * Expln Drilling Costs 0 0 513000 Consultants - Gen. 8,457.50 8,457.50 513030 Consultants - Petro 1,065.08 1,065.08 840001 Cont & Consul Allo 29.71 29.71 * Expln Specialist Services 9,552.29 9,552.29 ** Cost element group 54,498.79 38,403.93 Covenant 2200


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EL8932 Actual YTD Admissible Costs 511020 Learning & Develop 1,401.32 1,401.32 512005 Medical Examination 130.54 130.54 800001 Proj/Explorn labour 13,626.00 13,626.00 840000 Employee Cost Allo 427.39 427.39 * Expln Employee Costs 15,585.25 15,585.25 520600 Couriers & Bulk Mai 507.29 507.29 520680 Stationery and Supp 52.80 52.80 840007 Expln Other Alloc 26.62 26.62 * Expl Overheads and Alloca 586.71 586.71 510000 Accom & Messing 2,269.98 2,269.98 512000 First Aid/Safety 70.46 70.46 512010 Safety Clothing 135.80 135.80 520085 Maintenance 34.23 34.23 520086 Maintenance - Vehcl 1,140.09 1,140.09 520635 Publications & Subs 0 0 520681 Radio Communication 308.54 308.54 520920 Travel & Accom Loca 5,776.31 5,776.31 520925 Travel & Accom Osea 182.19 182.19 550020 Consum. - General 22.72 22.72 550999 Consum-Direct Purch 721.42 721.42 840002 Trav & Accom Allo 6.86 6.86 840003 Draft & IT Alloc 62.15 62.15 840005 Equip & Veh Alloc 2.70 2.70 * Expln Operating Costs 10,733.45 10,733.45 521001 TLO - Comp Payments 4,000.00 521002 TLO - Agrmt Complia 2,442.35 521005 Legal Fees - Deduct 3,644.39 521010 Legal Fees - Non De 866.01 560040 Tenement Fees 75.00 542300 Asset Acquisitions 0 560042 Tenement Rentals 28,160.00 840006 Ten/Legal Cost Allo 17.79 * Expln Tenement Costs 39,205.54 513000 Consultants - Gen. 7,587.50 7,587.50 840001 Cont & Consul Allo 29.71 29.71 * Expln Specialist Services 7,617.21 7,617.21 ** Cost element group 73,728.16 34,522.62 Covenant 12000


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EL8980 Actual YTD Admissible Costs 511020 Learning & Develop 813.19 813.19 512005 Medical Examination 130.54 130.54 800001 Proj/Explorn labour 12,600.00 12,600.00 840000 Employee Cost Allo 427.39 427.39 * Expln Employee Costs 13,971.12 13,971.12 520600 Couriers & Bulk Mai 686.17 686.17 520680 Stationery and Supp 14.40 14.40 839003 Regnl Office Alloct 88.78 88.78 840007 Expln Other Alloc 26.62 26.62 * Expl Overheads and Alloca 815.97 815.97 510000 Accom & Messing 1,413.82 1,413.82 520082 Minor Capital Expen 628.50 628.50 520086 Maintenance - Vehcl 525.91 525.91 520605 Furnitre/Equip <$50 53.00 53.00 520635 Publications & Subs 94.07 94.07 520920 Travel & Accom Loca 2,777.89 2,777.89 520925 Travel & Accom Osea 181.93 181.93 550020 Consum. - General 22.73 22.73 550065 Consum. - Oil/Greas 310.76 310.76 550999 Consum-Direct Purch 65.91 65.91 556095 Spares - Tyres/Tube 305.00 305.00 840002 Trav & Accom Allo 6.86 6.86 840003 Draft & IT Alloc 62.15 62.15 840005 Equip & Veh Alloc 2.70 2.70 * Expln Operating Costs 6,451.23 6,451.23 521001 TLO - Comp Payments 4,000.00 521002 TLO - Agrmt Complia 2,442.36 521005 Legal Fees - Deduct 539.00 521010 Legal Fees - Non De 59.37 560040 Tenement Fees 75.00 542300 Asset Acquisitions 0 560042 Tenement Rentals 8,320.00 840006 Ten/Legal Cost Allo 17.79 * Expln Tenement Costs 15,453.52 513000 Consultants - Gen. 2,314.68 2,314.68 840001 Cont & Consul Allo 29.71 29.71 * Expln Specialist Services 2,344.39 2,344.39 ** Cost element group 39,036.23 23,582.71 Covenant 2500


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EL9476 Actual YTD Admissible Costs 511020 Learning & Develop 493.18 493.18 520055 Conferences and Sem 200.23 200.23 520155 Temporary Staff 2,500.00 2,500.00 800001 Proj/Explorn labour 9,190.00 9,190.00 840000 Employee Cost Allo 427.39 427.39 * Expln Employee Costs 12,810.80 12,810.80 520600 Couriers & Bulk Mai 5.01 5.01 520680 Stationery and Supp 18.16 18.16 839003 Regnl Office Alloct 12.68 12.68 840007 Expln Other Alloc 26.62 26.62 * Expl Overheads and Alloca 62.47 62.47 512000 First Aid/Safety 70.46 70.46 512010 Safety Clothing 139.65 139.65 512020 Fire Systems and Ex 240.39 240.39 520082 Minor Capital Expen 419.00 419.00 520085 Maintenance 34.22 34.22 520086 Maintenance - Vehcl 512.05 512.05 520400 Donations - Deducti 209.91 209.91 520635 Publications & Subs 0 0 520920 Travel & Accom Loca 1,338.44 1,338.44 550020 Consum. - General 22.73 22.73 550065 Consum. - Oil/Greas 140.00 140.00 550999 Consum-Direct Purch 1,190.89 1,190.89 556095 Spares - Tyres/Tube 370.85 370.85 570025 Freight 25.00 25.00 840002 Trav & Accom Allo 6.86 6.86 840003 Draft & IT Alloc 62.15 62.15 840005 Equip & Veh Alloc 2.70 2.70 * Expln Operating Costs 4,785.30 4,785.30 521001 TLO - Comp Payments 4,000.00 521002 TLO - Agrmt Complia 2,442.38 521010 Legal Fees - Non De 65.31 560040 Tenement Fees 75.00 542300 Asset Acquisitions 0 560042 Tenement Rentals 1,280.00 840006 Ten/Legal Cost Allo 17.79 * Expln Tenement Costs 7,880.48 550030 Consum. - Drilling 0 0 * Expln Drilling Costs 0 0 513000 Consultants - Gen. 4,504.63 4,504.63 840001 Cont & Consul Allo 29.71 29.71 * Expln Specialist Services 4,534.34 4,534.34 ** Cost element group 30,073.39 22,192.91 Covenant 3000


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6.0 PROPOSED EXPENDITURE 2004-2005 Within the Peccadillo Agreement Region there lie several untested possibilities for districts of anomalism, especially under cover. There remain good possibilities within dolerites and the prospective Killi Killi Beds of further discovery. All the tenements are deemed to be under explored (with the exception of the Maximus prospect in EL8932) with the majority of areas only having first pass, regional scale surface sampling. Work in these regions should involve a review of available data by new staff and assessment of existing targets. Site visits are recommended to any potential targets. If the targets are thought suitable for testing then a base programme of patterned posthole/surface sampling (using the Newmont NFM proprietary technique BLEG) will be used to test the targets validity. Pending promising results we envisage that at least one target will be generated for angle RAB drilling. Work will also continue with the major strategic review of the Tanami which will include the Peccadillo group of tenements. TABLE 8 Proposed Expenditure Summary for the Peccadillo Agreement

2004-2005 Licence 8576 8727 8932 8980 9476 Proposed Expenditure

$9000 $4200 $14000 $3500 $4000

7.0 ENVIRONMENT Environmental disturbance has been kept to a minimum wherever possible through the last five years. Mature trees were not disturbed and trimming of vegetation was limited to small bushes and grasses in order to obtain line of sight in gridding. All drill pads were cleared by hand and holes plugged with concrete plugs and back-filled. All rubbish was removed from sites. Otter Gold NL has maintained an ongoing commitment to rehabilitation, and has undertaken the following tasks:

1) collected sample bags; 2) capped and backfilled drill holes; 3) backfilled all sumps and mine excavations, 4) removed all debris and drilling consumables, 5) restricted access to drill sites.


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8.0 REFERENCES Blake D.H., Hodgson I.M., and Muhling, P.C., 1979. Geology of the Granites-Tanami Region, Northern Territory and Western Australia. Bull. 197, Bureau of Mineral Resources, Geology and Geophysics. Burgess, H & Mohammed, L., 1ST Annual Report for EL's 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 1999. Otter Gold NL NTDME Annual Report. Burgess, H., 2nd Annual Report for EL’s 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2000. Otter Gold NL NTDME Annual Report. Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13. Mohammed, L., 3rd Annual Report for EL's 8576,8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2001. Otter Gold NL NTDME Annual Report. Muir, M., 4th Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2002. Otter Gold NL NTDME Annual Report. Muir, M., 5th Annual Report for EL’s 8576, 8727, 8932, 8980 and 9476 - Peccadillo, Year Ending 16th February 2003. Otter Gold NL NTDME Annual Report.

Northern Territory Department of Mines and Energy

REPORT METADATA FORM(MINERAL EXPLORATION)

PART A (DME USE ONLY)Report Number Date ReceivedCollation ___ pp. ___ figs ___ logs ___ maps ___ apps.Media ___ CDs ___ 1.5" ___ Exab. ___ DLT ___ vols.

PART BTenure Number(s) 8576, 8932, 8980,

9476, 8727Company ReportNumber

31401

Report Date 16/3/2004 Anniversary Date 16/2/2004Group Project Name PeccadilloReport Title 6th Annual Report for ELs 8576, 8932, 8980, 9476, 8727 – Peccadillo

Agreement

Author(s) M. MuirCorporate Author(s) Otter Gold NL Newmont ExplorationMaps 1 : 250 000 Tanami SE 52-15 The Granites SF 52-03Maps 1 : 100 000

Tectonic Unitsq Amadeus Basin q Carpentaria Basin q McArthur Basin q Pine Creek Inlierq Arafura Basin q Daly Basin q Money Shoal Basin q Simpson Basinq Arnhem Inlier q Dunmarra Basin q Murphy Inlier q South Nicholson

Basinq Arunta Inlier q Eromanga Basin q Musgrave Block q Tennant Creek

Inlierq Birrindudu Basin q Fitzmaurice Mobile

Zoneq Ngalia Basin q Victoria Basin

q Bonaparte Basin q Georgina Basin q Ord Basin q Warburton Basinq Browse Basin ü Granites-Tanami

Inlierq Pedirka Basin q Wiso Basin

Other structural units

Stratigraphic NamesKilli Killi Beds Pargee Sandstone

AMF Thesaurus Terms - Generalq Geological

mappingü Regional Geology q Stratigraphy q Structural Geology

q Metallogenesis q Remote sensing q Imagery q Landsatq Petrology q Lithology q Literature reviews q Metamorphismq Lineaments q Photogeology q Reconnaissance q Indicator mineralsOther terms ...

AMF Thesaurus Terms - Target Mineralsü Gold q Silver q Tin q Diamondsq Lead q Copper q Platinum Group

Mineralsq Industrial Minerals

q Zinc q Uranium q BauxiteOthers…

AMF Thesaurus Terms - Miningq Environmental

impact surveysq Feasibility studies q Geostatistics q Metallurgy

q Ore reserves q Resourceassessment

q Mineral resources q Mining geology

q Mine design q Mine drainage q Mine evaluation q PitsOther terms ...

AMF Thesaurus Terms - Geophysical Surveysq Aerial magnetic

surveysq Aerial radioactivity

surveysq Aerial EM surveys q Ground EM

surveysq Gravity surveys q Geophysical

anomaliesq Gravity anomalies q Bouger anomaly

mapsq Sirotem surveys q Ground magnetic

surveysq IP surveys q Resistivity surveys

q Seismic surveys q Magneticanomalies

q Geophysicalinterpretation

q Geophysical logs

Other terms ...

AMF Thesaurus Terms - Geochemical Exploration – Surface samplingq Geochemical

samplingq Stream sediment

samplingq Rock chip

samplingq Bulk sampling

q Soil sampling q Heavy mineralsampling

q Geochemicalanomalies

q Assaying

q Isotopegeochemistry

q Whole rockanalysis

q X ray diffraction q Sample locationmaps

Other terms ...

AMF Thesaurus Terms - Geochemical Exploration - Drill samplingq Diamond drilling q RAB drilling q Percussion drilling q Air drillingq RC drilling q Rotary drilling q Vacuum drilling q Auger drillingq Drill core q Drill cuttings q Drill hole logs q Drill core analysisOther terms ...

Drilling Type No. of holes Hole name(s)DiamondPercussionVacuumRABAugerAirRCRotaryOther ...

Mine / Deposit / Prospects Location - AMG Location - DatumMines

Deposits

Prospects Maximus 522400E 7782660N AMG Zone 52 AGD 84

Other …

ABM RESOURCES NL · In 1998 EL 8727 was originally granted to Otter Gold NL (Otter) which was taken...

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Transcript of ABM RESOURCES NL · In 1998 EL 8727 was originally granted to Otter Gold NL (Otter) which was taken...