Annual group technical report on EL 24178, EL 23934 and EL 24166 Suplejack Project 13 March 2010 to 12 March 2011

Abstract

During 2010 all exploration activities on tenements EL 24178, EL 23934, and EL 24166 were operated by Afmeco Mining and Exploration Pty Ltd. Due to difficult finance circumstances experienced worldwide it was not possible to complete a proposed mapping and sampling program in 2010. With the Company now well-funded following a major capital raising in late 2010, it is expected that the proposed exploration activities will be undertaken in 2011. In 2011 it is anticipated that several large tenement applications held by the Company in the area, will be granted. This will allow more cost-effective exploration programs to be implemented in the area. Once these applications are granted, further exploration can be implemented.