D003-1 NEWCREST MINING LIMITED (Newcrest Operations Limited) EL9/2005 Red Hills Annual Report for the Period 1/7/2005 to 30/5 2006 Compiled by: Ian J Tedder Nicholas Fitzpatrick Ken Morrison June 2006 SUMMARY Newcrest Mining Limited commenced exploration for gold rich deposits at Red Hills, on being granted EL9/2005 on the 1st July 2005. The tenement encompasses 8 km2 of prospective Mount Read Volcanics approximately 1 km to the east of the Henty gold mine from 3 km south west of Mt Murchison down to approximately 1 km to the north of Lake Westwood. Exploration in this first year of work focused on drilling underneath known anomalous stratigraphy, which has been tested by previous exploration companies at only relatively shallow levels. A total of two diamond drill holes, (NCT006 – NCT007) were completed for 1,511 m. Soils, rock chips, mapping were also completed. Work planned for the second year of exploration will be to conduct further drilling of geological, geochemical and/or geophysical anomalies established from the surveys conducted in this reporting period, and those from previous explorers. DIGITAL FILES EL9_2005_200605_01_Report.pdf (Report Text & Figure 1) EL9_2005_200605_02_Plans 1-4.pdf (Plans 1 to 4) EL9_2005_200605_03_Appendix1.txt (Diamond Drill Holes NCT006 & NCT007 – Collar Data) EL9_2005_200605_04_Appendix2.txt (Diamond Drill Holes NCT006 & NCT007 – Survey Data) EL9_2005_200605_05_Appendix3.txt (Diamond Drill Holes NCT006 & NCT007 – Assay Data) EL9_2005_200605_06_Appendix4a.txt (Diamond Drill Holes NCT006 & NCT007 – Lithology Logs - Digital) EL9_2005_200605_07_Appendix4b.pdf (Diamond Drill Holes NCT006 & NCT007 – Lithology Log Codes) EL9_2005_200605_08_Appendix4c.pdf (Diamond Drill Holes NCT006, NCT007 & RH004 – Lithology Logs - Scanned Paper Logs) EL9_2005_200605_09_Appendix4d.pdf (Diamond Drill Holes NCT006 & NCT007 – Summary Logs) EL9_2005_200605_10_Appendix4e.pdf (Diamond Drill Holes NCT006 & NCT007 – Strip Logs) EL9_2005_200605_11_Appendix5.txt (Diamond Drill Holes NCT006 & NCT007 – Orientation Data) EL9_2005_200605_12_Appendix6.txt (Diamond Drill Holes NCT006 & NCT007 – Magnetic Susceptibility Data) EL9_2005_200605_13_Appendix7.txt (Rock Chip Data) EL9_2005_200605_14_Appendix8.txt (Soil Sample Data) EL9_2005_200605_15_File Verification.txt (File Verification Listing) Datum AMG - AGD66 Zone 55 Distribution Mineral Resources Tasmania Newcrest Mining Limited - S.E. Australia