Second year annual exploration report on EL 27238 30 March 2010 to 29 March 2011

Abstract

This report details diamond exploration activity carried out by North Australian Diamonds Limited (NADL) over EL 27238 for the period 30 March 2010 to 29 March 2011. This period represents Year 2 of the licence and is 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 kimberlite. Work during the current reporting period comprised of the collection of 1 stream gravel sample. After processing at the laboratory in Perth the sample has returned a negative result.