Annual report for EL 10316 Reward project for the period 22 July 2010 to 21 July 2011

Abstract

EL 10316 forms part of the greater Reward Project area owned by Rox Resources that has now been joint-ventured to Teck Australia Pty Ltd. EL 10316 is prospective for SEDEX (sediment-hosted) style zinc-lead mineralisation and hosts the Myrtle Prospect, where significant SEDEX style zinc-lead mineralisation defines a resource of 43.6 million tonnes grading 4.09% Zn and 0.95% Pb. Exploration activities for this license year were significantly impacted by the following factors: finalisation of a farm-in and Joint Venture agreement between Rox Resoruces and Teck Australia; a record 2010/2011 wet season; and delays conducting a heritage clearance survey. During the reporting period, 2 drill holes (My4 and My5) were re-sampled at the NTGS core facility, the construction of a 3D geological model was commenced, and an IP survey commenced 3 days before the end of the period.