GR264 Annual Report 3 September 2012 to 2 September 2013

Abstract

No work was done in 2013 as Fertoz was fully focussed on listing the Company on the ASX. This was achieved on 2 September 2013. The exploration work done to date has not successfully explored the Katherine project for the presence of phosphate mineralisation. What limited work that has been done has proved that the transported soils effectively are geochemically blanketing the underlying rocks. The only effective way to examine the underlying strata is by drilling. The tenements EL 26054 and EL 26055 were sold to Mandarin Mining Pty Ltd on 2 October 2013. The tenements are in the process of being transferred to the new owner who is keen to implement a drill programme based on the work done by Terra Search in 2012 to continue to explore for phosphate.