Second year annual exploration report on EL 27237 30 March 2010 to 29 March 2011

Abstract

This report details diamond exploration activity carried out by North Australian Diamonds Limited (NADL) over EL27237 for the period 20 January 2010 to 19 January 2011. This period represents Year 2 of the licence. The licence has been granted and is currently held by NADL. The licence is located on the North Australian Craton within a region that has tectonic and structural similarities with known kimberlite occurrences including the Merlin Kimberlite Field and Abner Range discovery. Work completed during the current reporting period comprised of the collection of 1 stream gravel sample and after mineral processing at the company owned laboratory in Perth it has returned a negative result.