Annual Report for the period 25 February 2012 to 9 July 2012 and Final Surrender Report for the period 10 July 2002 to 9 July 2012

Abstract

This Annual Report summarises work completed for the period 25 February 2012 to 9 July 2012. The most recent Annual report for EL 22270 was completed in April 2012 under the title 'Combined Annual Report for the Period 25th February 2011 to 24th February 2012, covering Exploration Tenements MA 389, EL 10137, and EL 22270' (Burgess, 2012). The tenement has been partially covered by granted Mineral Leases since April 2007; on the 26th September 2011, ML 27228 was granted, resulting in EL 22270 being covered in its entirety by Mineral Leases. As such, no work was undertaken during the reporting period. Individual Annual Reports for EL22270 were completed by Smith, B (2004), Vivian, R (2005), Mees, H (2006), and Tomlinson, R (2009). The tenement was incorporated into a Combined Annual Reporting Group along with AN389 (now MA 389), EL 22269, EL 23237 and EL 10137 in 2007. Combined reports including EL22270 were completed by Mess, H and Vivian, R (2007), Wetherley, C (2008), Hassall, I (2010) and Burgess, A (2011). Significant deposits of iron mineralisation occur within EL 22270, which has resulted in the application for three (3) Mineral Leases over the tenement area. The last of the Mineral Leases partially covering EL 22270 was granted in September 2011. The Company has decided to let the tenement expire as it is now covered in its entirety by granted Mineral Leases ML 24727, ML 25087 and ML 27228.