EL 28078 Reynolds Ranges, Annual and final report for the period 18 February 2011 to 19 April 2013

Abstract

During the reporting period Greywolf Resources NL undertook a compilation of open file reports and historical exploration results. The company also instigated talks with the Aboriginal Native Title and landowners. A strategic review of the project was competed and it was recommended that the project continue into the second annual report. One trip had been organized 2012. Small chips sampling was done, but no significant result has been obtained. Based on geologist observation, further drilling procedures was required to collect information of the tenement. Company failed to negotiate with the landowner in relation to drilling further. There was no other exploration and drilling has been done during the period. After took geological desktop research of the whole area, no significant valuable mineral found, Greywolf decided to surrender the whole area and drop the project in Reynolds Ranges.