Annual report EL 24471 Explorer Project for the period 16 August 2011 to 15 August 2012 Year 7

Abstract

The EL is considered to be prospective for gold and copper mineralisation associated with ironstones similar to that found in the Tennant Creek goldfield. Western Desert Resources took over management of the project in 2008 and has reduced the size of the tenement from 1354km2 to 307km2 through standard partial reductions. Exploration has included gravity surveying, surface geochemical sampling and diamond drilling. The campaign of work during the current period has included processing and interpretation of the geophysical data (ground gravity and airborne EM) from the previous year, as well as magnetic modelling using historical data. This work, in conjunction with compilation of historical data, has highlighted the BIF Hill prospect as an exciting prospect. A four hole, 1542.9m diamond drilling program commenced at BIF Hill in July 2012 and was about 80% completed during the reporting period. Assays received from the top part of the first hole were disappointing.