Annual report EL 29857 Limbunya for the period 4 December 2013 to 3 December 2014

Abstract

Enterprise Mining Pty Ltd through its subsidiaries, Australis Minerals Pty Ltd and Kingsland Resources Pty Ltd has accumulated a total of 6 licenses in the Northern Territory based on the concept that the G2 linear has a strong influence on mineralisation along its length as evidenced by the discovery of the Olympic Dam deposit by Western Mining in the late 1970's. Dr Hugh Rutter was a leading member of the discovery team for Olympic Dam, and has provided considerable advice to Enterprise on target areas, leading to the exploration license applications. The mineralising concept provided by Dr Rutter appears sound and may lead to a number of significant discoveries within the Enterprise licenses. These target areas recommended by Dr Rutter appear to have been previously ignored or underexplored and warrant the application of modern exploration techniques. Exploration on all licenses is at the concept stage. Initial exploration will be aimed at identifying and ranking specific targets within the licenses for further exploration. A comprehensive exploration program involving aircraft based geophysics, geological mapping and sampling, ground based geophysics, and eventually RC and diamond drilling is planned.