Partial relinquishment report for period 23 April 2008 to 29 February 2012

Abstract

The Project area is prospective for base metals, manganese and phosphate mineralization. During the reporting period exploration activities within the relinquished portion of EL 26380 included interpretation of the available geological and geophysical data, the interpretation of satellite imagery, reconnaissance field visits and outcrop sampling, 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.