Bridging Report EL 28940 Mordor Year Two 7th March 2014 to 31st January 2015

Abstract

EL 28940 is located approximately 75 km north-east of Alice Springs within the area known as 'Mordor Pound'. The tenement had historical occurrences of PGM with drilling having previously recording a best intersection of 2m at 1.1g/t Pt+Pd+Au within an alkaline igneous intrusive complex. Core has undertaken a detailed assessment of EL 28940's potential to host Pb-Zn-Ag mineralisation within the Bitter Springs Formation (BSF) of the Amadeus Basin with similar characteristics to Core's Inkheart Prospect. Core believes the discovery of the Inkheart Prospect reinvigorates the lower Amadeus Basin sediments potential to host sedimentary hosted Pb-Zn-Ag mineralisation systems. The BSF hosts the Inkheart Prospect and strikes NW/SE across EL 28940 in contact with the underlying Heavitree Quartzite as well as structurally thrusted against the underlying Proterozoic Aileron Province units.