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

Abstract

During the reporting period exploration activities undertaken within EL 27314 included interpretation of the available geological and geophysical data, the interpretation of satellite imagery, reconnaissance field visits, the development of exploration models, and a helicopter-borne VTEM geophysical survey. A review of the available geological and geophysical data for the Project area culminated in the definition of exploration models and the identification of a base metal priority exploration target within the Project. VTEM geophysical surveying defined 23 conductive anomalies within the priority exploration target. RC drilling of three of the highest priority anomalies (outside EL 27314) did not locate any significant base metal mineralization. EL 27314 was surrender on the 30 January 2013.