Final surrender report for period 23 April 2008 to 12 April 2013

Abstract

During the reporting period exploration activities undertaken within EL 26380 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. The exploration model developed for base metal mineralization targeted north or northwest trending structures, positive magnetic anomalism (basement highs) +/- coincident gravity highs, anomalous geochemical trends (including manganese anomalism), and a disconformity between Cambrian Arrinthrunga Formation carbonate sediments and Cambro-Ordovician Tomahawk Formation clastic sediments. Application of this model to the Project area identified a prospective northwest trending linear zone, which extends into EL 26380. Detailed exploration over the priority target area, including an airborne electromagnetic survey and RC drilling, failed to locate any significant base metal mineralization.