Highlands Plains Project and Exploration Targets EL 25068, EL 25600, EL 28152, EL 28153 and EL 28157 Group Annual Geological Report GR-096/09 for the period ended 7 August 2013

Abstract

During the reporting period the Company signed a JVOA with Jimpec Resources Limited covering the iron and manganese rights for tenements EL 25068, 28152, 28153 and 28157. Jimpec commissioned a report on iron mineralisation and endowment on these tenements and also currently ungranted tenements held by the Company. This report identified three target areas of potential iron mineralisation. These targets are expected to be the focus of Jimpec exploration in the coming reporting period. Phosphate Australia is continuing its search for a Strategic Partner to assist in developing the Highland Plains phosphate mine and associated infrastructure. This will continue to be a focus of the company in the coming reporting period.