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Anketell Resources NL was incorporated on 22 December 1999 to acquire the Anketell/Telfer Exploration Project and tenement interests of Croesus Mining NL and Gindalbie Gold NL.

The outlook for Anketell Resources NL is to undertake a large-scale comprehensive evaluation, reconnaissance and exploration program over the more than 8,000sq kilometres of tenements forming part of the Anketell Exploration Joint Venture. These tenements include 43 Exploration Licences and Licence Applications.

This very prospective tenement holding provides Anketell Resources NL the unique opportunity to consolidate and advance a substantial tract of grossly under-explored, yet highly prospective region of Australia. The application of sound conceptual geology and a systematic approach to exploration using advanced geophysical techniques may provide considerable rewards to shareholders, investors and governments alike and developing a remote region of Australia in the process.

100km to the south of the project the Telfer Mine has been continuously mined for some 23 years and is the major discovery within the Paterson Province in the last 20 years. In this period it has proved to be one of Australia's premier gold producers, having produced in excess of 4 million ounces.

Anketell Resources has the unique opportunity, through the amalgamation of the considerable, contiguous tenement holdings of Croesus Mining and Gindalbie Gold to systematically explore a highly prospective, yet grossly under-explored region of Australia.

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