Wollogorang Joint Venture EL 10335 Annual Exploration Report for the period 15 August 2012 to 14 August 2013

Abstract

Tenement EL 10335 is held in joint venture between Gulf Resources Limited and Redbank Copper Limited who act as operator for the joint venture. The tenement was granted in October 2002 for an eight year term and has subsequently on its second extension of term which expires in 2014. The tenement is located in the south eastern section of the Macarthur River Basin on the Wearyan Shelf. Previous exploration has identified approximately 20 trachyte breccia pipes intruding the Masterton Sandstone some of which exhibit signs of copper mineralisation. During the reporting periods low level aeromagnetic's and radiometric's flown in 2012 was processed and interpretation commenced. A MMP was submitted to complete drilling on advanced breccia pipe targets within the Packsaddle Dome area.