Year 2 Annual Report, Corella Creek EL 28581, 12 September 2012 to 11 September 2013

Abstract

To delineate prospective areas for coal, base metal and uranium mineralisation and define the next phase of exploration, Natural Resources Exploration ('NRE') has carried out extensive office-based studies of EL 28581 and a historic review of previous exploration over the tenure area. Our office-based studies and analysis of cuttings at the Darwin Core Library in the first term have allowed us to delineate prospective areas in particular for base metal and uranium mineralisation. NRE, in particular, has attempted to model coal basement based on previous historical reporting and has designed a large sampling program for the tenement and the subsequent term's exploration activities. NRE has encountered a number of logistical challenges in being able to conduct such a large regional sampling program due to the terrain and weather conditions in the region. In order to efficiently collect numerous samples across such a large area, NRE are currently considering two or more teams of personnel with the use of all-terrain vehicles. NRE is currently in the process of obtaining quotations to conduct this work from third parties to assist in providing additional personnel and the vehicles and equipment which would be required to conduct this program.