Annual Group Report ML 23617, MLN 414 to 419 Burnside Project - Bons Rush and Rhodes Group, year ending 15 February 2012

Abstract

During the 2011 to 2012 exploration year Crocodile Gold conducted a high resolution VTEM survey over the Burnside project area, part of which covered the Bons Rush gold deposit on ML 23617. Initial results from the survey highlights the magnetic signature of the anticlinal structure that hosts the Bons Rush deposit. Analysis of the VTEM data is ongoing and will be completed during 2012. Geostat Services Pty Ltd conducted a review of the Rhodes resource model gathering information on deposit from historical archives, conducted a validation of the drillhole database and commenced sectional interpretation of the mineralisation. The review of the resource model is still in progress.