Annual combined report GR199 on EL 24561, EL 25282 and EL 25334 Ngalia Project for the period ending 21 June 2014

Abstract

During the reporting period, a technical review of available geological, geophysical, geochemical and drilling data was conducted. The main purpose was to assess the mineral potential of the project area and its continuous viability as an exploration project. For this purpose interpretation of geological and geological data was undertaken and data entered into relational and GIS databases. A number of field visits were conducted for ground truthing. In addition, rehabilitation activities in the project area were also undertaken. These campaigns led to the identification extensive palaeochannel system containing significant uranium mineralisation, particularly at Afghan Swan prospect. Geological, geophysical and drilling data also indicate that uranium mineralisation is open at depth and along strike.