EL 27076 Annual report 23 July 2012 to 22 July 2013

Abstract

No field work was done during the year. Fertoz focused its efforts on listing the company on the ASX. This was achieved on 2 September 2013. The company raised $4 million. The exploration work done to date has not successfully explored EL 27076 for the presence of phosphate mineralisation. What limited work that has been done has proved that the transported soils effectively are geochemically blanketing the underlying rocks. The only effective way to examine the underlying strata is by drilling, firstly using either Aircore (recommended) or Reverse Circulation methods. Fertoz plans to carry out drilling in the next twelve months. It will target the northern end of EL 27076.