Third annual report on Alice Springs Project EL 24817

Abstract

During the third year of tenure SRK Exploration Services Ltd was employed to conduct the Independent Geologist Report as part of the Genesis Resources Ltd prospectus. SRK concluded despite several phase of historical reconnaissance exploration, the EL 24817 has yet to be systematically explored with the full suite of modern day exploration tools which include remote sensing, GIS and geophysics alongside traditional field exploration techniques. Several areas of interest exist within the licence including areas of anomalous REE, uranium, copper and base metals. Known deposits within these anomalous areas have in places been subjected to sub-surface exploration but in the majority of cases these areas are open in all directions.