Year 2 Annual and final Corella Bore EL 27841 11 August 2010 to 26 September 2012

Abstract

NRE?s exploration rationale and objectives for its Corella Bore Prospect considered the evaluation of potential uranium mineralisation. Investigations were intended to locate any outcropping of mineralisation and any indicators of any sub - surface mineralisation within the tenement. NRE carried out a detailed geological assessment of its Corella Bore Prospect, Exploration Licence (EL) 27841. NRE?s exploration activities included a helicopter reconnaissance program, geological mapping and associated rock chip sampling. One (1) rock chip sample was taken from the tenure. NRE was unable to take additional samples due to unsafe conditions to land the helicopter. The sample was a red, sandy soil of the Waite Formation. There was no acid fizz. The sample was analysed with a portable XRF analysis device for a suite of elements. NRE believes that no further exploration is warranted.