EL 25561 Old Crossing Annual Report for the period 15 October 2011 to 14 October 2012

Abstract

Compass Resources is exploring in the Batchelor area for oxide and sulphide basemetal deposits and uranium. Based on the compilation of historical data and new structural interpretation the western half of EL 25561 was considered to be less prospective and relinquished at the end of 2010. The eastern half was flown with helicopter borne EM and magnetics with 100m spaced flight lines with nominal 35m terrain clearance for approximately 90 line km of survey. The survey was completed in late 2010 however major difficulties were encountered in processing the EM data and it was not till September 2011 that final data was supplied by the Contractor. A Falcon gravity survey of the tenement is scheduled for December 2012.