Annual Group Report, Burnside Group - Bridge Creek, Bridge Creek North, Brocks Creek UG and Rising Tide, Davies Prospect, Fountain Head, Howley, Howley Ridge, Iron Blow, Mt Bonnie, Woolwonga and Yam Creek, year ending 15 February 2013 GR187/12

Abstract

During the reporting period several activities were undertaken, these include the drilling of 191 underground and 2 surface resource definition diamond holes at Cosmo, the collections of 154 grabs samples from Fountain Head, 9 grabs samples from Yam Creek, 24 grab samples at Iron Blow and 36 grab samples from Mount Bonnie. Other activities for the reporting period include a Sirovision report for Cosmo, the purchase of up-dated satellite imagery for Cosmo to Brocks Creek and Mt Bonnie to Woolwonga. Crocodile Gold also generated a regional based structural interpretation for the Burnside area which will be used with the regional VTEM mapping and sampling in the future. Other work included the rehabilitation review and check for several Crocodile Gold and GBS project areas such as around Brocks Creek and Cosmo. Crocodile Gold also utilized Cube Consulting in Perth to review the historic Mineral Resource estimations for Bridge Creek during the reporting period. This will be used in a future technical report under the requirements of the NI43-101. The other activity performed during the reporting period included the continuation of the document review database including the generation of prospectivity maps for the Burnside area.