Annual and final report for period 15 January 2010 to 30 January 2013

Abstract

During the reporting period exploration activities undertaken within EL 27315 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. A review of the available geological and geophysical data for the Project area culminated in the definition of exploration models and the identification of priority exploration targets within the Project. VTEM geophysical surveying and RC drilling of the highest priority target (outside EL 27315) did not locate any significant base metal mineralization. None of the remaining priority manganese and base metal targets lie within EL 27315. EL 27315 was surrendered on the 30 January 2013.