Annual Report for ML 27438 Lethbridge South for period 12 May 2012 to 11 May 2013

Abstract

In the reporting year the primary focus of the company has been on operating a mine in ML 27438. The mine ceased operation in January 2013 and rehabilitation has been the main activity since closure. The main exploration and mining expenses related to this report are in three categories: 1. In pit grade control by the company geologist or designate; 2. Drilling-costeans to establishing grade boundaries and mining grade control within mining panels; 3. Drilling-costeans to explore for extensions to previously identified mineralisation. The remaining mineralisation in the ML was below the level considered economic for mining and processing and therefore the mining was completed in January 2013. No further exploration is expected in the ML in the next reporting period.