ELR 94 Annual Exploration Report ending 9 August 2012 Redbank

Abstract

ELR 94 is a granted lease within the Redbank Copper operational area in the Northern Territory, and currently is in its twenty third year of tenure. During the reporting period, the company completed a small RC drilling programme across Charlie prospect within the lease, successfully intersecting copper mineralisation. Proposed drilling of Double Bluff and Quartzite prospects was curtailed due to late drilling start and adverse weather. The purpose of the 2011 RC drilling was to identify any sulphide mineralisation beneath previously identified copper oxide ore, and to add to the copper metal inventory within ERL 94.