Annual technical report for the period 30 March 2011 to 29 March 2012

Abstract

The Marqua Project in the Northern Territory is located 400km east of Alice Springs and 300km southwest of Mount Isa. The area is highly prospective for minerals, with high grade phosphate drill intersections encountered on adjacent ground, and also occurrences of base metals and uranium. Rox Resources Limited holds four contiguous Exploration Licences in the area, EL 28275, EL 28276, EL 28611 and EL 28612. This report is for the first period of EL 28276 from 30 March 2011 to 29 March 2012. Previous exploration of the adjacent area (EL 28275) has identified five phosphate prospects over a strike length of 30 km with outcrops grading up to 39.4% P2O5 along the phosphorus bearing Cambrian age Thorntonia Limestone. These prospects occur near the southern extent of the Georgina Basin, which is rapidly becoming Australia's major hard-rock phosphate province. Familiarisation trips to all extents of the tenements were undertaken along existing station tracks, and a desktop review of the exploration potential of the area, which included a complete review of previous exploration and compilation of data from open file reports, was completed. There is potential for extension of the phosphate mineralisation eastwards from EL 28275 into EL 28276 and at depth along the Toomba Fault zone, and there is also potential for MVT style Pb-Zn mineralisation.