is tanami about to run - looks like it

This is an interesting stock that has potential to run and it hasn’t don so yet. However it looks as if it is about to start.- 256mil shares on issue. Top 10 own 61%. Register is made up of overseas institutions.

Dennis Waddell ( MD) is of to Tampa Bay to present to 140 overseas instos in the next week. More drilling results to come out this week which if they are to be like the ones previously announced this will get the market excited. I suspect buying from overseas will come in over the next few weeks.

The company has a holding of 77000 square KM in the Tanami where the major gold producers ( Barrack Anglo Newmont) are now putting in a lot of exploration. It would not be out of the question that if Tanami do have a big find in the near future that one of these companies would have a very close look at them.

following the announcement on 24 November 2003 that Tanami Gold
was the successful bidder for the acquisition of AngloGold Australia Limited’s (AngloGold) Western
Tanami Project including the Coyote gold deposit.

The acquisition of Coyote and related tenement package will be a major development for the
Company as the resources acquired combined with the Company’s existing resources at Larranganni,
located 35 kilometres to the north of Coyote, will enable the Company to complete a bankable
feasibility study aimed at commencing production in late 2004/early 2005.

At shallow depths there are a number of intercepts which will provide highgrade ore blocks to the mill
shortly after start up. Some typical downhole intersections are as follows:
8 metres @ 32.4 g/t Au from 31 metres
11 metres @ 7.9 g/t Au from 52 metres
7 metres @ 132 g/t Au from 44 metres
17 metres @ 4.2 g/t Au from 34 metres
13 metres @ 10.3 g/t Au from 52 metres
14 metres @ 8.9 g/t Au from 23 metres
10 metres @ 4.3 g/t Au from 42 metres
6 metres @ 18.8 g/t Au from 28 metres
4 metres @ 15.5 g/t Au from 60 metres
3 metres @ 20.7 g/t Au from 31 metres
3 metres @ 24 g/t Au from 64 metres

Tanami Gold has estimated a JORC compliant constrained mineral resource at Coyote as follows:
Indicated Inferred Total
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
2,240,000 5.4 389,000 130,000 5.5 23,000 2,370,000 5.4 412,000