Annual Report EL 26759 and EL 29548 Roper Bar Project GR40/09 for the period 16 April 2012 to 15 April 2013

Abstract

The Roper Bar Project consists of two granted exploration licences (EL 26759 and EL 29548) which are 100% owned by Western Desert Resources (WDR) through its wholly owned subsidiary, WDR Iron Ore Pty Ltd. The Licences are located about 240 km east of Mataranka in the Gulf Country of the Northern Territory. Exploration is being undertaken for hematitic iron ore within the Sherwin Formation. The Roper Bar project is situated within the Bauhinia Shelf of the McArthur Basin. The McArthur Basin is an intracratonic platform basin of Palaeo to Mesoproterozoic age. Exploration within the area has concentrated on the Sherwin Formation within the Maiwok Subgroup of the Roper Bar Group. Exploration activities conducted on EL 26759 during the reporting period consisted of 192 reverse circulation (RC) drill holes for 4,401 m of drilling at the Area B Prospect. The program was designed to better define the areas of higher grade and more continuous iron-ore mineralisation, outlined in the central zone of the north-south antiformal structure by previous drilling, by increasing the drill line spacing to 100 m; and to drill test the area peripheral to the main zone of known mineralisation. Results from the drilling in the main central zone showed similar results to the drilling conducted previously and confirms the continuity of iron-ore mineralization along the trend of the north-south antiformal structure. Exploration activities conducted on EL 29548 during the reporting period consisted of 5 diamond cored holes for 161.4 m and 15 reverse-circulation (RC) drill holes for 1,420 m of drilling at Area D North. Three diamond holes were drilled to provide samples for metallurgical testing, and a further 2 diamond holes were drilled next to existing RC holes to confirm results. The RC holes were drilled to the west along existing sections. The assays from the diamond drilling confirmed and repeated the grades as derived from the RC drilling, adding confidence to the RC drilling results. The RC drilling extended the known mineralisation further to the west, and shows that the mineralisation contained within the Sherwin Formation dips shallowly to the west. The exploration program for the 6th year of licence will consist of RC drilling aimed at defining the architecture and potential of the mineralisation contained within Sherwin Formation further to the west of the current drilling. WDR will also utilise RC drilling to determine the architecture of the Sherwin Formation to the west of the known mineralisation at Area D North.