Year 2 Annual group report Barkly Project 20 May 2011 to 19 May 2012

Abstract

NRE?s exploration activities during the second term of the Barkly Project have included the extensive analysis of its helicopter assisted reconnaissance programs, soil sampling, geological mapping and associated rock chip sampling programs conducted in the first term. NRE has also compiled the results obtained from the phosphate horizon mapping report which was completed in the first term. The analysis of these activities have assisted NRE in developing two (2) drilling programs across the Barkly Project; one limited Reverse Circulation Drilling program and a further extensive program, assuming the success of the initial drilling program. NRE has begun drafting its Mining Management Plan in respect of the limited Reverse Circulation Drilling program. NRE looks forward to finalising and lodging its Mining Management Plan with the Department and conducting its limited Reverse Circulation Drilling program in the third term of the Barkly Project.