EL 24654, EL 28289, EL 28288 and EL 28290 Group Exploration Report 1 April 2012 to 31 March 2013

Abstract

Work undertaken during the period was directed by the company's exploration staff, and completed by specialist external consultants Company employees and contractors. Field work, although delayed by corporate restructuring, included a comprehensive project evaluation incorporation the collation and reinterpretation of all available geological and geophysical data. This project evaluation has resulted in the identification of numerous targets warranting further investigation. The past ground geochemical results have shown numerous geochemical signatures, some with a more distinctive base metal character to the mineralisation when compared with the multi-element fingerprinting of Redbank breccia pipes. Significant responses include Cu, Pb, Zn, Ag Co, As, Mo. These results have required the Company to prioritise drill targets with the aid of a heliTEM survey over geochemical anomalies.