Reward Project Bridging Report for the period 2 July 2011 to 23 March 2012, EL 10316

Abstract

This document is submitted as a bridging report for EL 10316, a part of the Reward Project. Exploration activities for this license year were impacted by a number of factors, including: wet season and issues with finding contractors and suppliers. EL 10316 forms part of the greater Reward project area owned by Rox Resources. Teck Australia Pty Ltd has signed an agreement that gives the option to earn 70% through exploration expenditure with an option to form a JV. Teck commenced research work on the area in 2011. EL 10316 is prospective for SEDEX (sediment-hosted) style zinclead mineralisation. Included within the tenement is the Myrtle deposit, a significant SEDEX style zinc-lead deposit with a resource of 43.6 million tonnes grading 4.09% Zn and 0.95% Pb. Also within the tenement are the Berjaya, Boko, Reward and Buffalo Lagoon prospects. Work undertaken includes commencement of one diamond hole, surficial geochemistry, ground IP, ground EM, ground gravity and a heritage clearance survey at the Myrtle Prospect, and a Falcon airborne gravity survey over the tenement. Additional office based work included literature searches, database compilation, historical data research.