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GOLD AND BASE METALS Rover Project The Rover project encompasses a 3,980 sq kms package in the Tennant Creek region of the Northern Territory. It comprises one granted tenement, EL24471, and three licence applications, ELA25581, ELA25582 and ELA25587. The project is the subject of a joint venture with TNG Ltd. Under the terms of the agreement, Western Desert Resources Ltd has to spend $500,000 within 18 months to earn a 51% interest, with the option to increase to 80% by spending $850,000 within 30 months of exercise of option. The ground was secured to explore for classic Tennant Creek style copper-gold mineralisation. The attributes that make the Rover area a key part of Western Desert Resources’ gold and base metals portfolio include: • The Tennant Creek IOCG deposits are characterised by very high gold grades. This means that commercially viable deposits may be found at depths of hundreds of metres. • Drilling by Westgold Resources Ltd on the Rover 1 anomaly, located less than one kilometre from the boundary of EL25581, returned a spectacular intersection of 65 metres at 11 g/t gold. • Historical drilling over a number of years by explorers in the Rover field has determined that large areas of the Warramunga Formation, which hosts the orebodies at Tennant Creek, exist at depth under cover. • Recent drilling on Explorer 108 has revealed the area is also highly prospective for base metals. The Rover tenements are on Aboriginal Freehold land and pastoral lease under Native Title claim. At present an ILUA (Indigenous Land Use Agreement) is in place for EL24471. Negotiations for an ALRA (Aboriginal Land Rights Agreement) on EL25581 are at an advanced stage, and the company is hopeful that exploration on the ground will be possible in the first half of 2009. 14
WESTERN DESERT RESOURCES LIMITED ABN 48 122 301 848 Work on the Rover tenements over the past year has included: • Re-assessment of previous interpretations in the light of results announced from drilling of Rover 1, Rover 4 and Explorer 108. • Diamond drilling of the Explorer 42 prospect on EL24471. • Assessment of government airborne geophysical data to define areas of interest on ELA25581. At the Explorer 42 prospect, one diamond hole was drilled to test a combined magnetic and gravity anomaly at depth. Holes drilled by previous explorers did not intersect significant gold or copper mineralisation, nor did they adequately explain the observed geophysical anomalies. Diamond drilling at the Explorer 42 prospect. Drillhole E3DD05 was completed at 446 metres after testing two magnetic banded ironstone formation (BIF) zones. The magnetic zones exhibit high magnetic susceptibilities, and explain the magnetic anomaly. Assays of core cut from the two BIF zones did not report anomalous gold values. 15
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DIRECTORS’ DECLARATION The direct
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