Year 2 Annual and final, 3 May 2011 to 24 April 2013, Indamilly Waterhole EL 28274

Abstract

NRE's exploration rationale and objectives for its Indamilly Waterhole Prospect considered the evaluation of potential base metal 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 believes that this tenure holds low mineral prospectivity and no further exploration is warranted at this time.