Annual Combined Report GR051/09 for EL 23862, EL 24328 and EL 24329 for period 1 April 2011 to 31 March 2012

Abstract

Exploration activities during the reporting period have involved drilling in EL 24329 and assay of samples. During the period management conducted a review of all mineral sand resources within EL 23862 (Andranangoo, Radford Point, Robinson East, Goose Creek East and Goose Creek West, review of resources within EL 24329 (Wangati and One Tree Point) and review of resources within EL 24328 (Puwanapi). The conclusion of the review is some areas contain are too close to the coast for mining on environmental grounds. These areas are to be identified and relinquished.