EL 28175 Harry Creek, EL 28271 Bald Hill, EL 28340 Bushy Park Yambah Project Year 2 Annual Report for the period 1 October 2011 to 30 September 2012

Abstract

Work completed during the reporting period includes, field mapping, geochemical sampling, ground electromagnetic surveys, ground magnetic surveys and viewing historic drillcore. The Yambah Project represents a balance between more advanced targets, such as the Red Rock Bore Prospect and also offers true greenfields opportunities. Despite the limited success with generating targets from ground EM, the style of mineralisation may be more suited to Induced Polarisation (IP) techniques. The Coles Hill North anomaly will be drill tested next year and the Harry Creek trend will be tested with IP. This, in conjunction with modeling the ground magnetic data will aid in generating drill targets. Further work is required at Gecko and Turners. The Gecko ground magnetic data will be reviewed and a detailed geological map will be constructed. Incoming assay results for Turners will determine follow up methods, suffice to say, ground magnetic data may help image the mineralisation and regional prospecting is required along strike of Turners to determine strike extent.