Combined annual exploration report for the period ending 26 October 2010

Abstract

Works completed at the Rockhampton Downs Project during the first year of tenure included an open file literature review, compilation and review of publicly available geological maps and geophysical data, XRF analysis of 308 water bore cuttings from 12 holes, an AAPA register search, acquisition of NRETAS environmental data and the compilation of a Mining Management Plan for the project. On 7th May 2010 Vale applied for an AAPA Authority certificate over EL 27193, EL 27194 and EL 27195, however at the time of reporting the AAPA certificate was pending. Vale does not intend to commence on-ground works until consultation with traditional owners has been held and any restricted works areas have been identified. In the next year it is hoped that the NLC will organize meetings with traditional owners and that an AAPA Authority Certificate will be granted to Vale, thereby allowing field work to commence. On site works proposed for 2011 include helicopter supported geological mapping, rock chip sampling and RC drilling.