Annual Exploration Report ELR 94 Redbank for the period 10 August 2012 to 9 August 2013

Abstract

Exploration Retention Licence ELR94 forms part of Redbank Copper Limited's, Redbank Copper Project the tenement is located 300km south east of the township of Borroloola near the northern Territory/Queensland border. The tenement covers a sequence of sediments and volcanics of the Tawallah Formation. The tenement is prospective for breccia pipe hosted copper mineralisation. Approximately 10 breccia pipes have been identified in the tenement. Sufficient work has been completed to calculated geological resources on two of the pipes Punchbowl and Roman Nose. Total resource is 27,200 tonnes of contained copper have been defined within the tenement. During the current reporting period work consisted of processing low level aeromagnetic and interpretation data. The work has generated six additional targets which have similar structural settings to the know breccia pipes and have anomalous soil geochemical signature.