Fourth Quarter 2007

Posted on 31/12/2007

Highlights:

Africa

BOTSWANA - KIHABE ZINC PROJECT

Drill results have confirmed the potential to extend the Kihabe resource to the west.

Drilling conducted during the quarter on sections up to 4.2 kilometres along strike to the east of the Kihabe resources has intersected similar geology with indications of mineralisation.

NAMIBIA - TSUMKWE DIAMOND & BASE METALS PROJECT

921 geochemical soil samples were collected during the quarter to test for further base metals mineralisation on the western extension of the Kihabe strike on the Namibian side of the border.
 

NAMIBIA - HARDAP DIAMOND PROJECT

Initial reconnaissance was conducted over the four Hardap Exclusive Prospecting Licences.

Australia

WESTERN AUSTRALIA - TELFER GOLD & BASE METALS PROJECT

The Company is still in joint venture negotiations on its Telfer Project.

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