Chilling Project Combined annual report for the period 9 November 2013 to 8 November 2014 ELs 24557 and 25077

Abstract

No exploration activities were conducted for the reporting period. In the 12 months to date, the company has continued its endeavours to acquire sufficient funding in order to maintain all of its exploration activities and fulfil its obligations in respect of its current landholdings. As has been the case for the past few years, the last 12 months has continued to be a challenge to generate further investment in the company, and to keep the remaining licences of the Chilling project in good standing. As noted, the company has had to reduce its tenement holdings at Chilling with the surrender of two ELs in the past 12 months.