AEV 0.00% 1.4¢ avenira limited

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    ABN 48 116 296 541

    Phone: +61 8 9264 7000
    Facsimile: +61 8 9264 7099
    Email: [email protected]
    Mr Andrew Drummond
    Managing Director
    Minemakers Limited
    Mr Michael Gordon
    Executive Director
    Bourse Communications
    Suite 104, 22 St Kilda Road
    St Kilda Victoria 3182
    Phone: +61 3 9510 8309
    Mr Ian Howarth
    General Manager (Vic)
    Farrington Corporate Services Pty Limited
    401 Collins Street
    Melbourne VIC 3000
    Phone: 0407 822 319
    • Fraser Iron, Western Australia
    • NE Tasmania Tin and
    • Moina Fluorite–Magnetite–
    Zinc, Tasmania
    • Wonarah Phosphate, Northern
    • Port Keats Salt, Northern
    • Uranium in Tasmania,
    Northern Territory and
    Western Australia
    29 February 2008
    �� An airborne EM survey has indicated numerous targets for
    follow-up for nickel, other massive base metal sulphides,
    gold and uranium in the largely unexplored Tay-Munglinup
    Greenstone Belt.
    Minemakers has a 20% free-carried interest in three Exploration Licences covering the
    largely unexplored Tay-Munglinup greenstone belt in southern Western Australia. It has
    previously elected to farm-out to Jutt Holdings Limited (“Jutt”) in order to concentrate upon
    assessment of its core projects.
    Jutt today reported to the ASX the results from an extensive airborne EM survey over most
    of the greenstone belt.
    It reports:
    • “A large number of electromagnetic anomalies have been identified. Approximately
    30 of these are considered to be due to bedrock conductors and could possibly be
    associated with massive sulphide mineralization or graphitic units.”
    Page 2 of 3
    • “The targets of greatest interest will need to be followed up in 2008.”
    The companies are targeting nickel, copper, gold and uranium in this strongly mineralized
    province (refer Figure 1) and Minemakers looks forward to the results of the follow up work
    in due course.
    Andrew Drummond
    Managing Director
    Minemakers has acquired and aims to be a developer of mineral projects. The company has a portfolio
    comprising several projects with identified resources and large databases and others with highly
    prospective mineral targets. There are currently five projects in the portfolio covering iron ore, tin and
    tungsten, salt, phosphate, fluorite and polymetallics. The tin/tungsten deposits are also highly
    prospective for uranium.
    The most advanced opportunity is the Wonarah rock phosphate project (NT). Others are for tin and
    tungsten, centred on the historic Aberfoyle and Storey’s Creek mines in the northeast of Tasmania, as
    well as several other tin or tin/tungsten deposits. The Moina (Tas) fluorite and polymetallics project is
    also under assessment.
    The Company has identified a unique opportunity to position itself with non-mainstream commodities or
    mineralization. Rising demand has increased prices for many mineral commodities. In several of the
    commodities for which Minemakers holds large deposits or targets, restricted Chinese mineral exports
    have decreased available supply.
    Minemakers’ projects are in Australia, with its low sovereign risk and generally contain deposits with
    open cut mining potential.
    The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information
    compiled by Andrew Drummond, a Fellow of The Australian Institute of Mining and Metallurgy and a Member of the Australian
    Institute of Geoscientists. Mr Drummond has sufficient experience deemed relevant to the style of mineralisation and type of
    deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the
    2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr
    Drummond consents to the inclusion in the report of the matters based on his information in the form and context in which it
    Page 3 of 3
    FIGURE 1
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