EL 27654 Second annual exploration progress report for Bootu Creek Two Project 14 July 2011 to 13 July 2012

Abstract

Exploration activities completed during the reporting year consisted of; a Helicopter borne Versatile Time-domain Electro-Magnetics survey (VTEM). VTEM allows mainly detecting conductive bodies in the ground. These bodies can be correlated with the mapping results compiled in 2010 in order to identify buried continuity of the mineralised outcrops. An extended wet season and availability of a crew delayed the execution of the airborne VTEM survey. Preliminary results are being compiled at the time this report is written. Bligh Resources is waiting for the final results and interpretation of the VTEM survey to plan efficiently the next steps in the exploration of the tenement.