Partial relinquishment report for period 9 April 2009 to 27 February 2012

Abstract

Project area is prospective for base metals, manganese and phosphate mineralization. During the reporting period exploration activities within the relinquished portion of EL 26904 included interpretation of the available geological and geophysical data, the interpretation of satellite imagery, a reconnaissance field visit including outcrop sampling for element analysis, the development of exploration models and the definition of exploration targets. The exploration activities did not locate any significant exploration targets within the relinquished portion of the lease.