Year 1 Annual report 3 May 2011 to 2 May 2012 Eagles Nest EL 28278

Abstract

NRE?s exploration rationale and objectives for its Eagles Nest Prospect considered the evaluation of potential gold and phosphate mineralisation. Investigations were intended to locate any outcropping of mineralisation and any indicators of any sub-surface mineralisation within the tenement. NRE conducted an extensive review of all previous exploration across the tenement, completed a preliminary helicopter activity, carried out rock chip sampling and engaged in geological mapping across the tenure to delineate targets for further exploration. NRE?s activities during the first year of grant have been a great success and have defined targets for further exploration activities to be conducted during the second term.