Harts Range Spinifex Bore Garnet Project Annual Technical Group Report for the period 16 October 2012 to 15 October 2013, EL 24360, EL 24378, EL 28696, and EL 25098 GR078/12

Abstract

The Harts Range Spinifex Bore Project tenements EL 24360, EL 25098, EL 24378 and EL 28696 are located along the valley of the Plenty River and cover approximately 512km2 or 136 blocks. A garnet resource has been identified and estimated to contain 23.1Mt of sand containing 1.2Mt of garnet in the measured category. The tenements also contain a bore field which can supply process water at a rate of 1,210 m3/day (14 l/s). These are the keystones for project development. In this reporting period 16th October, 2012 to 15th October, 2013 the main focus has been establishing final approvals for the project and completing the requirements for funding of the project. A short drilling program was undertaken in 2013 as approved in the Mine Management Plan on EL 24360, EL 25098 and EL 24378, however the entire program was not completed due to time constraints and the lack of a suitable rig. Due to a further interest in the fine grained garnet existing bulk samples from the dunes in EL 28696 were examined for mineralogy and grain size. Clearly there is a potential for obtaining a fine grained resource from this tenement. During the year some data compilation and tenement rationalisation was completed on EL 28696.