EL 27789 Miles Road South Annual Report for the period 20 October 2011 to 19 October 2012

Abstract

The detailed airborne magnetics and EM data was processed and interpreted by a consultant geophysicist in early 2012. While no specific source to the uranium anomalism was identified the ground is still considered prospective and it was decided to continue with obtaining additional geophysical data to improve target definition. It was decided to fly the tenement (and all Compass tenements in the Batchelor district) with a Falcon Gravity survey. Once agreement was reached with our Joint Venture partner on other tenements in the district contracts for this survey were completed and signed with Fugro with the survey being undertaken in December 2012.