NEWCREST MINING LIMITED
(Newcrest Operations Limited)


EL20/2003

Queenstown-Mt. Darwin

Annual Report for the Twelve Months
to 26 May 2006


Compiled by:	Ian J Tedder
		Cam Mackey
		Nicholas Fitzpatrick
		Ken Morrison
		
		June 2006


SUMMARY

Newcrest Mining Limited commenced exploration for gold rich deposits on being granted
EL20/2003 on the 27th June 2003.  The tenement encompasses a large area of prospective
Mount Read Volcanics from Mt Owen just outside of Queenstown, south to Mt Darwin.  

Exploration in this third year of work focused on drilling untested geological-geochemical
-geophysical targets over prospective volcaniclastics.

9.5 line kms of CSAMT surveys weas completed across 8 lines in the Mt Owen - Mt Huxley
 – Mt Jukes areas.  At the Garfield prospect 3.9 line kms of CSAMT surveys were completed.  
90m of core drilled previously by RGC Exploration in 1993/4, but only partially sampled,
 was assayed, and magnetic susceptibility from two holes collected.  This was followed up 
by a single diamond drill hole (NCT008) for 701.2m at Garfield.  34 pan concentrate samples
and 47 soil samples were collected in the Intercolonial Spur – East Darwin area.  A magnetic
survey was completed over 3.9 line kms at the Mt Ellen prospect.

Work planned in the fourth year of exploration will be to conduct further drilling of geological, 
geochemical and/or geophysical anomalies generated during the current reporting period and/or by 
previous explorers. 



DIGITAL  FILES

EL20_2003_200605_01_Report.pdf
 (Report Text, Figures 1 & 2)

EL20_2003_200605_02_Plans 1-3.pdf
 (Report Plans 1 to 3)

EL20_2003_200605_03_Appendix1.pdf
 (CSAMT Lines Geology)

EL20_2003_200605_04_Appendix2.pdf
(CSAMT Pseudo Sections – Huxley & Garfield Areas)

EL20_2003_200605_05_Appendix3.pdf
 (CSAMT Reports – Flagstaff Geoconsultants)

EL20_2003_200605_06_Appendix4.pdf
 (Preliminary Interpretation of Huxley CSAMT Results – Ian Tedder)

EL20_2003_200605_07_Appendix5.pdf
 (Petrology Reports – Mason Geoscience)

EL20_2003_200605_08_Appendix6.txt
 (Drilling – Collar Data – NCT008)

EL20_2003_200605_09_Appendix7.txt
 (Drilling – Survey Data – NCT008)

EL20_2003_200605_10_Appendix8.txt
 (Drilling – Assay Data – NCT008, GAR002 & GAR004)

EL20_2003_200605_11_Appendix9a.txt
 (Drilling – Lithology Digital Data – NCT008)

EL20_2003_200605_12_Appendix9b.pdf
 (Drilling – Lithology Codes)

EL20_2003_200605_13_Appendix9c.pdf
 (Drilling – Scanned Lithology Paper Logs)

EL20_2003_200605_14_Appendix9d.pdf
 (Drilling – Summary Lithology Logs)

EL20_2003_200605_15_Appendix10.pdf
 (Drilling – Strip Log – NCT008)

EL20_2003_200605_16_Appendix11.txt
 (Drilling – Structure Orientation Data – NCT008)

EL20_2003_200605_17_Appendix12.txt
 (Drilling – Magnetic Susceptibility Data – NCT008, GAR001 & GAR004)

EL20_2003_200605_18_Appendix13.txt
 (Soil Sample Data)

EL20_2003_200605_19_Appendix14.txt
 (Pan Concentrate Sample Data)

EL20_2003_200605_20_File Verification.txt
 (Report File Verification) 





Datum
AMG - AGD66 Zone 55


Distribution

Mineral Resources Tasmania

Newcrest Mining Limited - S.E. Australia