Combined annual report, Yatjalu Project EL 27633 and EL 27634, for the period 9 April 2011 to 8 April 2012

Abstract

During the reporting period, Royal Resources Limited undertook a gravity survey and two drilling programs within EL 27633. The gravity survey defined an interpreted Tertiary palaeochannel which was later drill tested. The first drill program targeted the gravity defined paleochannel on the southern margin of the tenement and a second targeted the Yuendumu Thrust on the northern margin of the tenement. In the northern section six reverse circulation (RC) holes were drilled for 1158m and in the southern section six rotary mud holes were drilled for 711 m.