Sixth annual report for EL 24917 Ross River project period ended 10 July 2012

Abstract

EL 24917 is held 100% by Rum Jungle Resources Ltd and is primarily targeting base metals (principally copper and iron), PGEs, silver, nickel, gold and uranium. An airborne geophysical survey (mag, rad, DEM) was flown over parts of EL 24917 by Daishat Geodetic Surveyors / Aerosystems. This was part of a larger survey of Rum Jungle Resources' contiguous Ross River project titles. In all, 4,864 line km were flown at 100 m line spacing using an R44 helicopter at nominal 40 m height. The processing was undertaken by Baigent Geosciences and their report is included. Portions of western-most (Area A1) and southeastern EL 24917 (Area A2) were included in the survey. All data from both areas are presented in GDF to accompany this report. Geophysical costs to EL 24917 are pro-rata based on line kilometres. Also during the sixth year of EL 24917, a reconnaissance visit was made by Rum Jungle Resources' staff to check access for proposed work. Subsequently, but still within Year 6, site-specific clearances were obtained from the CLC to enable drilling and other work to test three highly prospective multi-commodity targets.