Exploration Licence 22488 - Sixth Annual Report - 3 December 2006-2 December 2007

Sep 4, 2026

Acacia Minerals Pty Limited submits its sixth annual report for Exploration Licence 22488, covering exploration activities from 3 December 2006 to 2 December 2007. The report outlines the licence’s history of transfer and ownership, states the principal targets of diamonds and base metals, and describes the integrated project approach known as the Ooratippra Diamond Project. It summarizes key technical work including research, photo and geophysical interpretation, magnetic anomaly and topographic sampling, diamond and indicator mineral assessment, helicopter reconnaissance, and landowner liaison. It also frames planned expenditures for the next tenure year.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages10

Reading Time25 min

AccessFree to download

SUMMARY

1. INTRODUCTION

2. LOCATION

3. TENURE

4. GEOLOGY

5. WORK DONE DURING THE YEAR

6. LANDOWNER LIAISON

7. REHABILITATION

8. CONCLUSIONS

9. YEAR 6 EXPENDITURE

9. PROPOSED PROGRAMME AND EXPENDITURE FOR YEAR 7

EXPLORATION LICENCE 22488 OORATIPPRA SIXTH ANNUAL REPORT 3 December 2006-2 December 2007 LICENSEE: Acacia Minerals Pty Limited AUTHOR: N. BYRNE January 2008 ELKEDRA HUCKITTA Lucy SF53-11 1:250 000 SF53-07 1:250 000 6153 1:100 000 6154 CONTENTS Page CONTENTS ............................................................................................................. i. SUMMARY.............................................................................................................. 1 1. INTRODUCTION .................................................................................................... 2 2. LOCATION .............................................................................................................. 2 3. TENURE .................................................................................................................. 2 4. GEOLOGY ............................................................................................................... 3 5. WORK DONE DURING THE YEAR..................................................................... 3 6. LANDOWNER LIAISON ....................................................................................... 6 7. REHABILITATION ................................................................................................. 7 8. CONCLUSIONS ...................................................................................................... 7 9. YEAR 6 EXPENDITURE ........................................................................................ 7 9. PROPOSED PROGRAMME AND EXPENDITURE FOR YEAR 7 ..................... 8 FIGURES SOU003 1:450 .000 EL 26993 PROJECT LOCATION PLAN SOU005 1:100,000 SAMPLE LOCATIONS ANNEXURE “A” DIAMOND AND KEY INDICATOR MINERALS RESULTS GEOCHEMICAL ASSAY RESULTS ACACIA MINERALS PTY LIMITED SIXTH ANNUAL REPORT 3rd December 2006 to 2nd December 2007 1 SUMMARY Acacia Minerals Pty Limited ACN 127 419 729 (Acacia), a Territory based exploration Company, purchased Exploration Licence 22488 from Southwestern Mining Pty Limited (Southwestern) . The dealing was approved under Section 173 of the Mining Act on the 4th of December 2007. Acacia is a wholly owned subsidiary of Adelaide River Resources Limited (ACN 127 411 796) (Adelaide River), a public company currently preparing to list on the Australian Stock Exchange (ASX) . Southwestern purchased EL 22488 from Giants Reef Exploration Pty Limited on the 11th December 2003. The transfer was approved under Section 173 of the Mining Act on the 2nd of April 2004. Principal reason for the purchase was Southwestern’s belief that the area was highly prospective for Diamonds. Subsequently, Southwestern also applied for and was granted a further four Exploration Licences numbered 24822, 24869, 24993 and 25019 all adjoining or within EL 22488. Other than EL 24869 which has been surrendered, these tenements have also been transferred to Acacia. The ELs are worked as one project known as the “Ooratippra Diamond Project”. This Report covers the exploration work carried out during the sixth year of tenure from the 3rd of December 2006 to the 2nd of December 2007. Work done included: • Research • Photo interpretation • Geophysical Interpretation • Sampling of magnetic anomalies • Sampling of circular topographic features • Diamond and Indicator Mineral assessment • Helicopter reconnaissance • Land-owner liaison Acacia Minerals Pty Limited SIXTH ANNUAL REPORT 3rd December 2006 to 2nd December 2007 2 1. INTRODUCTION Acacia Minerals Pty Limited (Acacia), a Territory based mineral exploration company, purchased Exploration Licence 22488 from Southwestern Mining Pty Limited (Southwestern) . The dealing was approved under Section 173 of the Mining Act on the 4th of December 2007. Acacia is a wholly owned subsidiary and the exploration arm of Adelaide River Resources Limited (ABN 50 127 411 796) (A

FAQs

What period does the sixth annual report for EL 22488 cover?

It covers exploration work carried out during the sixth year of tenure from 3 December 2006 to 2 December 2007.

Who holds Exploration Licence 22488 and what was the licence purchase context?

Acacia Minerals Pty Limited purchased Exploration Licence 22488 from Southwestern Mining Pty Limited, with dealing approvals under Section 173 of the Mining Act during the relevant dates stated in the report.

What main exploration targets and activities were undertaken during the year?

The principal targets are diamonds and base metals. Work included photo interpretation, geophysical interpretation, sampling of magnetic anomalies and circular topographic features, diamond and indicator mineral assessment, helicopter reconnaissance, and landowner liaison.

Sep 4, 2026

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