EL 27654 Annual exploration progress report for Bootu Creek Two Project 14 July 2013 to 13 July 2014

Abstract

During the reporting period Bligh has carried the following activities: Exploration Strategy Review; Fieldwork Planning; and Project evaluation for Wavier of reduction application. 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.