Year 1 Annual exploration report EL 28129 Robinson River, Coronet Hill project, for period ending 10 January 2012

Abstract

Exploration for year 1 on this tenement was postponed whilst the company re-organised its exploration strategy and land holdings in 2011. The company believes this tenement covers ground with significant potential for gold, base metal, uranium and REE mineralization where stratigraphy of the South Alligator group is caught within a NW striking shear zone. In other areas, in the Pine Creek Geosyncline, this stratigraphy has recently been found to host significant uranium mineralisation (Thundelarra's Thunderball deposit) and REE mineralisation (TUC Resources Quantum deposit) giving new exciting exploration models that have yet to be tested on this ground.