Annual group report for EL 10383, EL 10385, EL 10386 and EL 10387, 2 September 2010 to 1 September 2011

Abstract

Kajeena Mining Company Pty Ltd resumed operation of the tenements in 2011, and Pacific Consulting Services Pty Ltd (PCS) were commissioned as geological consultants to KMC in June 2011. PCS recommended an initial data compilation and targeting review, encompassing historical exploration data on and adjacent to the tenements, tenure statuses, geological and geophysical datasets, and exploration targeting. In summary, historic exploration on and around the current tenements show KMC hold a strategic land package in this prospective and underexplored region. The CLC access impediments have resulted in limited exploration, and therefore PCS believe the current tenements have potential for significant mineralisation, including base metals and uranium. Exploration in this region will be comparatively expensive due to the remote location, lack of infrastructure, and cost of relationship maintenance.