Partial relinquishment report for period 6 December 2007 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 25982 included interpretation of the available geological and geophysical data, the interpretation of satellite imagery, reconnaissance field visits, 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.