Annual Report EL 23655 Lander Reynolds Range Project from 12 June 2012 to 11 June 2013

Abstract

ABM is exploring EL 23655 for the potential of gold and base metal mineralisation. Exploration across ABM's Reynolds Range Project during the reporting period included the completion of a medium density airborne electromagnetic (AEM) survey of a total of 1,638 line km, with a 400m line spacing and a line direction of 042 degrees. The nominal terrain clearance was 100m. The 582km survey, covering the project, was completed by Fugro Pty Ltd., and the survey data was processed and interpreted by Fathom Geophysics. As a result of the processing, eight high conductivity targets were generated project wide. Two anomalies, '2_13', and the larger '2_15', fall on EL 23655. The only apparently real conductor, modelled as an approximately flat plate, is anomaly '2_15', which is located 3km south west of the Black Knight prospect. The survey also generated two anomalies ('2_14', '2_16') which are located to the east of EL 23655 at the limits of the AEM survey and are as such deemed unreliable.