Sixth Annual Report on EL 25467 Batten McArthur River Project from 15 August 2012 to 14 August 2013

Abstract

Exploration in the sixth year of tenure was carried out by Brumby and focussed on base metal exploration. It consisted of completing a diamond drill program to test a VTEM anomaly in the south-eastern tenement area, an assessment of the Yalco North exploration data and a geophysical interpretation. In the southeastern tenement area, BCDD002 was drilled to a depth of 279 metres and intersected pyritic shales, which were identified as the conductive layer identified by the VTEM survey. These are interpreted to lie within the Barney Creek Formation. In May 2013 a compilation of all new drill hole data combined with historical drill hole data was reviewed by independent experts in geochemistry and geophysics. Their work has resulted in a clearly defined exploration programme for the next two field seasons. A significant target zone has been identified on EL 25467, with a footprint of approximately 1.8 km by 1.2 km. Geophysical surveys and/or grid surface sampling are recommended for the next phase of exploration.