Annual report on EL 27557 Mordor Project, for the period 12 April 2010 to 11 April 2011

Abstract

Independence Group NL spent a total of $5,873.02 on EL 27557 during the reporting period. The bulk of this expenditure was spent on: field reconnaissance; and data acquisition, compilation and interpretation (open file, magnetics, gravity, other geological data). Additional field checking of the main area of interest within EL 27557 was planned for January 2011, but was delayed due to mustering. Large rainfall events in February and March and other project commitments in April hindered this field checking. Further work is planned. While the mapped gabbros within the tenement represent a priority target, field confirmation of the mapping is required before additional phases of exploration commence. The targets of interest do not appear to have been tested by previous exploration. Access is yet to be established to our main target area. It has been recommended that helicopter access be used to verify the targets prior to any helicopter EM surveys or systematic local geochemical surveys (the likely next exploration phases).