Combined annual report EL 9250 Chapman Hill and EL 27812 Plucky, Supplejack Project from the 18 October 2010 to 15 October 2011

Abstract

Exploration during the year focused a RC drilling program (14 holes for 2,479m) on the Hyperion Central and Hyperion South prospects. In addition one hole was completed at the Brokenwood prospect located 6 kilometres to the south of Hyperion. The best intersections returned using a 1.0 gram per tonne cut-off included: 8 m at 2.86 grams per tonne gold in hole HYRC100004 (1.0 gram per tonne cut-off); 5 m at 3.65 grams per tonne gold in hole HYRC100005 (1.0 gram per tonne cut-off); 7 m at 2.26 grams per tonne gold in hole HYRC100008 (1.0 grams per tonne cut-off); and 11 m at 4.29 grams per tonne gold in hole HSRC100004 (1.0 gram per tonne cut-off).