EL 27651 Annual exploration progress report for Bootu Creek Two Project 29 July 2013 to 28 July 2014

Abstract

The following activities were completed during the reporting year: Exploration strategy research and review; Fieldwork planning - (suspended) and Deferral of Waiver of Reduction. As a result of the current economic climate the work completed at the Bootu Creek 2 Project was critically evaluated to consider if adjustments to the proposed exploration strategy would be beneficial. The exploration strategy proposed to proceed straight to reconnaissance drilling of the VTEM anomalies and a MMP application was approved and an environmental bond paid in 2013. After reviewing the exploration strategy and available information for the project area it is proposed to amend the previous exploration plan and complete ground EM and/or gravity surveys over the VTEM anomalies. This should help to further constrain the position and depth of any prospective areas and will provide more confidence to any reconnaissance drilling program that may take place in the future.