EL 28215 Chambers Bay West Project Annual report for the period 29 February 2012 to 28 February 2013

Abstract

The Chambers Bay West exploration licence EL28215 was granted on 29 February 2012 and is located 80km east of Darwin. It is considered prospective for iron ore mineralisation, based on the presence of Wildman Siltstone, the same unit which is host to iron ore at Frances Creek. No work has been carried out on the tenement during the first year due to the Company's major efforts during the period to develop its Roper Bar iron ore operation. The intention is to undertake mapping and surface sampling during the next dry season and compile any historical data.