tastarga, page-41

re: reason for rise annual report ...."which will greatly assist us in our search for the next Olympic Dam".......


Awesome.... :))) For the lazy ones...check this out from the ANNUAL REPORT TODAY >>>>

...." The team was also able to secure a drill rig to test high
priority gravity anomalies on the Company’s Punt Hill tenements to
target iron oxide copper-gold-uranium mineralisation similar to that
found at Olympic Dam, Prominent Hill and Carrapateena. A detailed
gravity survey has been completed over the majority of tenements and
a detailed aeromagnetic and radiometric survey commenced in early
September 2006.".......

...."Greg Swain has been employed to manage the
Company’s iron oxide copper-gold-uranium and gold only projects.
Greg comes to us from the University of Adelaide where he is
currently completing his PhD on the tectonic framework and
mineralising systems of the Gawler Craton. He is studying the
regional controls on iron oxide copper-gold mineralisation which will greatly assist us in our search for the next Olympic Dam. Greg is an
experienced field geologist having undertaken field work and drilling
programs with PIRSA, Minotaur Exploration, Pepinnini Minerals and
Avoca Resources.".......


...."Our aim is to be successful in discovering Olympic Dam style copperuranium-
gold mineralisation on our flagship project at Punt Hill,
approximately 25 km south of the new Carrapateena discovery, on the
western shore of Lake Torrens. Our second highest priority is to extend
the zone of known zinc mineralisation at our Bonaventura Prospect on
Kangaroo Island and quickly move to resource definition. We also
aim to test for copper-uranium-gold mineralisation, gold only
mineralisation and rollfront uranium from drill ready targets on
Ambrosia, and Archaean greenstone style nickel and gold mineralisation
in our other high priority Moorlands - Brimpton Lake - Mt Hope
tenements.".......

...."From these successes we will focus on developing joint
ventures with major companies and creating long term value for our
shareholders."....

Want more ??? go and read the report awesome photos, ilustrated maps and loads of interesting information...DYOR

cheers