Year 2 Reduction Report EL 28516 Chilling Creek for period ending 9 September 2013

Abstract

Exploration targets include Unconformity related uranium deposits, Vein/shear hosted base-metal, gold, uranium and REE mineralisation and Skarn base-metal deposits. No exploration was completed on this tenement as exploration was postponed whilst the company re-organised its exploration strategy and land holdings with a view to be listed on the ASX during 2013. This re-organising is progressing successfully, although taking longer than expected, and includes the acquisition of a large gold project in far north Queensland from Republic Gold. No further exploration is recommended on the relinquished blocks which show little geophysical anomalism and are mostly within low prospective granite or gneiss.