Annual combined report on EL 27648, EL 27649 and EL 27650 Mary River Project for the period 29 April 2010 to 28 April 2011

Abstract

Thundelarra Exploration Ltd are exploring the project area for uranium, gold and base metals mineralisation. During the reporting period, technical review of the project area was undertaken together with detailed geological mapping and high resolution aerial geophysical survey which covered part of the project area. Some reconnaissance visits were also conducted for ground-truthing. In addition, research on previous exploration programs was undertaken and previous exploration data were retrieved from archive repository and being entered into company's data bases. In the next reporting period, collection and interpretation of historical exploration data will continue along with processing and interpretation of recently obtained high resolution geophysical data. Ground-truthing of the project area will be undertaken to check anomalous zones along with rock chip and soil sampling program. Geochemical sample collected during this program will be assayed for uranium, gold and base metal mineralisation. It is also expected to complete geological and geomorphological mapping program of the project area.