Combined annual report EL 25133 and EL 25135 Batchelor Year 3 period ending 12 July 2009

Abstract

Korab Resources Ltd has carried out surface rock sampling on EL 25135 with supporting spectrometry. No field work was carried out on EL 25133 due to the freehold landowner not allowing access. Korab Resources' targets on this tenement are volcano-sedimentary base metals, vein type uranium and quartz stockworks gold mineralization. This year's program has concentrated on sampling selected target stratigraphy on EL 25135. NTGS mapping shows the Mt. Deane Volcanic Member of the Wildman Siltstone to be present. This stratigraphic unit has returned significant Ni and Co values on other Korab tenements nearby so is targeted on this tenement. EL 25133 would have been targeted in a similar way but could not be accessed so no field work has been done. Whilst Korab Resources Ltd had entered into an agreement with CSA Global Pty. Ltd to manage the exploration affairs on the Batchelor properties, field work on this tenement for this reporting period has been carried out by consultant contract geologist John A Earthrowl, M.Sc. of SilDol Pty. Ltd. A suite of samples has been collected from all the stratigraphic units present on the tenement. In addition samples have been collected from all gossanous outcrops as well as quartz veins seen during the traversing. 11 samples were collected. Using a Radiation Solutions RS-125 SuperSpec instrument K, U and Th 'assays' were done in the field at all rock sample locations.