Surrender report EL 26781 Calvert Project for the period 24 December 2008 to 14 July 2015

Abstract

Redbank relisted on the Australian Stock Exchange in March 2013 and exploration work has focused on advanced copper target within the immediate Redbank area. Despite material challenges faced by new management during the period of being delisted, a detailed low level aeromagnetic survey was flown during 2012-2013 followed by a comprehensive review of historical exploration data. In 2014, a desk top regional targeting and evaluation study was undertaken over the Calvert Group tenements as well as other regional tenements holding held by Redbank, and included generating a number of regional targets identified by NTGS regional stream sediment geochemistry. Targets 1 to 6 are associated with prospective stratigraphy in the vicinity of the Calvert Hills Shear, whilst target 7 is associated a small historical copper occurrences at Mountain Home to the south of the current tenure. The Tenements were surrendered in July 2015 as they did not fit the company's exploration strategy.