Compass Resources NL ASX Release ABN 51 010 536 820 Level 5, 384 Eastern Valley Way Roseville NSW 2069 Tel: +61 (0)2 9417 3588 Fax:+61 (0)2 9417 8750 www.compassnl.com.au Friday, 18 April 2008 Compass Resources NL 2007 Annual Report to Shareholders The information in this report relating to exploration results, mineral resources, or ore reserves is based on information compiled by Dr Maxwell Boots a consultant, and Garry Johansen an employee of the Company, who are members of Aus. I.M.M. and consent to the inclusion in this report of the information as presented. Dr Boots and Mr Johansen have sufficient experience relevant to the style of mineralisation/type of deposit under consideration and to the relevant activity to qualify as Competent Persons as defined in JORC Code 2004 edition. For personal use only Compass Resources NL ABN 51 010 536 820 • Address Level 5, 384 Eastern Valley Way, Roseville NSW 2069 • Telephone + 61 (0) 2 9417 3588 • Fax + 61 (0) 2 9417 8750 • Email
[email protected] • Web page www.compassnl.com.au For personal use only For personal use only CONTENTS Corporate Directory 1 Chairman’s Letter to Shareholders 2 Managing Director’s Review 4 Operations Review 6 Tenement Schedule 27 Shareholding Information 28 Corporate Governance 29 Directors’ Report 32 Renumeration Report 36 Auditor’s Independence Declaration 41 Financial Statements 42 Notes to Financial Statements 45 Directors’ Declaration 71 Independent Audit Report 72 Electrowinning Building Ventilation Ducts CORPORATE DIRECTORY DIRECTORS SHARE REGISTRY Gordon L. Toll, Chairman Registries Limited, Richard C.