2012 Combined Annual Technical Report GR210/11 EL 27372 Rover and EL 27292 Rover North for the period 27 May 2011 to 26 May 2012

Abstract

EL 27372 (Rover) and EL 27292 (Rover North) were granted to Adelaide Exploration Limited on 27 May 2010. The tenements replaced former Exploration Licences 7739 and 8912, which expired after ten year terms. Exploration activities during the current reporting period 27 May 2011 to 26 May 2012 have comprised drilling and associated operations and ground gravity surveying. All exploration activities carried out have been targeting copper-gold mineralisation associated with 'Tennant Creek-Style' deposits within the Rover Field located some 80km southwest of Tennant Creek. A total of twenty-one (21) precollared diamond holes and five (5) daughter holes were drilled within EL 27372, for a total 10,825 metres drilled. Drilling operations were carried out at four prospects - Rover 1 (Western Zone), Rover 4, Rover 11 (East) and Rover 12. Gravity surveying, comprising at total 1,486 stations, was carried out at six prospects (Rover 4, Rover 11 East, Rover 11 Central, Rover 11 West, Rover 14 and Rover 16) within EL 27372 and at the Rover 3 prospect within EL 27292.