Year 1 Annual report Mulga Park EL 28303 3 May 2011 to 2 May 2012

Abstract

During the reporting period, NRE?s exploration rationale and objectives for its Mulga Park Project considered the evaluation of potential gold mineralisation. 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 has conducted a full review of all previous exploration within the project area including review of previous exploration data from NTGS open file company reports, review of aeromagnetics, of radiometrics and gravity survey provided by NTGS and review of satellite imagery, ASTER imagery and Google Earth Imagery. NRE also engaged Terra Search Pty. Ltd. to attend the Northern Territory?s Alice Springs Core Facility to analyse a number of cuttings available from historically drilled water bores within the tenement. 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 28303 in conjunction with its surrounding tenements.