Combined Annual Report for the Southern Project Area GR054, 16 February 2012 to 15 February 2013

Abstract

During the reporting period exploration activities have been extremely limited within the SPA. Exploration has been confined to desktop studies of the Mineral Claims and Leases in the Chariot Mineralised corridor, which lies within MA 23236 and EL's 23905, 23285, 23286, 28601 and 28775, the work conducted forms part of a detailed review aimed to compile a report to enable a determination on the correct transition of the ML's and MC's to comply with the new Mineral Titles Act. Although the ML's & MC's are reported separate to any overlying EL the historical exploration conducted over the ML's and MC's usually is conducted on a larger than the target zone scale and therefore within a greater EL area. To this point the detailed review consisted of data compilation and validation and will be listed in the relevant EL below. Exploration during 2012 was focused in the NPA, although this exploration wasn't within the SPA it is considered to be 'proof of concept' exploration which will be extrapolated outside of the NPA and will include prospective areas of the SPA.