Annual technical report EL 29019 for period ending 11 April 2014

Abstract

Exploration activities to date indicate a significant thickness of massive to semi massive halite exists within the Chandler Formation at a depth of approximately 700-1000m. During the reporting period Tellus completed a diamond drilling program on nearby tenement EL 29018. Core sampling collection and wireline logging were completed. Geochemical and mineralogical analysis results were positive confirming massive halite unit. In order to assess potential evaporitic mineralisation further over EL 29019 wireline and stratigraphic information will be used to update the seismic interpreted geological model over the project area.