EL 26758 Final surrender exploration report ending 12 November 2011

Abstract

EL26758 is a granted lease within the Redbank Copper operational area in the Northern Territory, and currently is in its third year of tenure. An airborne geophysical survey was flown during August 2011. Work undertaken during the period consisted of a regional compilation of open file and available data from all known sources completed by external consultants under the direction of the company's exploration and regional exploration managers. This compilation has been indexed and is currently undergoing geo-referencing and point extraction of data where required. An assessment of digital data sets and the subsequent maps derived from the GIS compilation has been completed and detailed interpretation of existing geophysical information has commenced to provide assistance with detailed targeting for follow-up filed sampling.