GR233 Group exploration report for the period 15 April 2013 to 14 April 2014, Arunta Project

Abstract

Unfortunately due to the falling manganese price USI had to prioritise the work for the 2013 field season. In this event the exploration focus was entirely on USI's Carpentaria project in the northeast of the Northern Territory. USI was also in a JV negotiation during the entire 2013 field season. Unfortunately the JV was not completed and therefore no work was completed on the Arunta project. Currently USI are planning to undertake an intense stream sediment program to evaluate the tenements for Rare Earth Elements and uranium. Additionally, field mapping will be carried out contemporaneously with the stream sediment collection.