ASX Company Announcement 1 of 2 Admiralty Resources NL ACN 010 195 972 Level 14, 200 Queen Street Melbourne VIC 3000 [t] +61-3-96701838 [f] +61-3-9670 1898 [w] www.ady.com.au 29 October 2007 Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000 2007 Soil sampling program at Bulman, NT Lead Zinc deposit reveals three new anomalous zones in new exploration licence areas Headline Summary • Soil sampling on EL23814 has revealed three areas of high concentration of lead (Pb) and zinc (Zn) in the soils, near dolomite outcrops. • Rocks collected near the old workings returned assays of up to 35% Zn and 2.94% Pb confirming the high grade nature of the deposit. • Bulman 1 near the Gove Road had 4 occurrences of soil samples exceeding 25,000ppm Zinc. Introduction Bulman Resources Pty Ltd a 100% owned subsidiary of Admiralty Resources NL was granted two exploration licenses in June 2007 to expand the exploration area it has in addition to mineral leases 726 and 727. Lease Holder Granted Date Expiry Date EL 23814 Bulman Resources Pty Ltd 4/06/2007 3/06/2013 EL 25931 Bulman Resources Pty Ltd 4/06/2007 3/06/2013 MLN 726 Bulman Resources Pty Ltd 13/06/1955 31/12/2016 MLN 727 Bulman Resources Pty Ltd 13/06/1955 31/12/2016 The Board of Directors are pleased to announce that the soil sampling program recently completed by Geos Mineral Mining Consultants has discovered three zones of mineralisation previously not discovered. The first of the anomalous zones runs between Bulman 1 and Bulman 3 where a definite trend of anomalous Pb values was returned from both the laboratory assays as well as the XRF readings. The second anomalous zone runs 800 metres northwest from Bulman 4 and returned a number of samples assaying above 0.25% Zn. The anomalous zone (> 500ppm Zn) is 400 metres wide and 800 metres long. A third anomalous zone is 500 metres east of Bulman 4 where a sample returned an assay of 0.32% Zn and 0.15% Pb. Unfortunately, the other samples around the area only returned weakly anomalous results but this could be due For personal use only
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