Reward Project Bridging Annual Report for the period 18 June 2011 to 23 March 2012 EL 26406

Abstract

This document is submitted as a bridging report for the exploration licence EL 26406 which comprises a part of Teck's 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 26406 forms part of the greater Reward Project area owned by Rox Resources. Teck Australia Pty Ltd 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 March 2011. EL 23515 is prospective for SEDEX (sediment-hosted) style zinc-lead mineralisation. At the nearby Myrtle prospect, a significant SEDEX style zinc-lead deposit has been discovered and defines a resource of 43.6 million tonnes grading 4.09% Zn and 0.95% Pb. Work undertaken commenced with literature searches, database compilation and general research. Work by previous explorers was limited in this tenement and failed to identify any significant anomalous zinclead values.