Year 1 Annual Report Crows Nest South EL 28726 28 October 2011 to 27 October 2012

Abstract

In order to define the next phase of exploration, NRE's exploration program for the first term of its Crows Nest South Prospect consisted of extensive desktop studies and a historic review of previous exploration over the tenure area. Our office-based studies have allowed us to delineate prospective areas for phosphate mineralisation. From these studies, NRE has begun modelling the phosphate horizon in the region with the view of conducting a future limited drilling program. NRE also attended the Alice Springs Core Facility with a view to analysing water bore cuttings held at the library. NRE was able to test one (1) water bore cutting within EL 28726