Year 1 Annual report 3 May 2011 to 2 May 2012 Lyndavale EL 28305

Abstract

During the reporting period, NRE?s exploration rationale and objectives for its Lyndavale Prospect considered the evaluation of potential gold and uranium mineralisation. NRE conducted extensive desktop reviews of all previous exploration across the tenement and attended the Alice Springs Core Facility for the purpose of conducting XRF and ALS Analysis of cuttings from previously drilled water bores in the region. Investigations were intended to locate any outcropping of mineralisation and any indicators of any sub-surface mineralisation within the tenement based on desktop reviews. NRE?s activities during the first year of grant have allowed for the delineation of targets for further exploration activities to be conducted during the second term of EL 28305 in conjunction with its surrounding tenures.