Third annual and final report for the period ending 12 February 2014 EL 28184 Cow Creek

Abstract

Work carried out on EL 28184 during the reporting period consisted of a review of the drilling completed in the previous reporting period. A significant decline in the price of phosphate over the last twelve months was a major factor in the necessity of this review. Intersections of phosphate mineralisation recorded in the widely spaced drilling program completed previously were re-examined. Although anomalous mineralisation was intersected, the grades, thicknesses and the depth of the mineralisation under cover was considered inadequate at this time to warrant further follow up. It was thus decided to relinquish EL 28184.