EL 28400 Carrara East Annual Report 8 July 2012 to 7 July 2013

Abstract

During the reporting period, NRE's exploration rationale and objectives for its Carrara East Prospect considered the evaluation of potential base metal mineralisation. Investigations were intended to locate any outcropping of mineralisation and any indicators of any sub-surface mineralisation within the tenement based on desktop reviews. NRE has conducted a full review of all previous exploration within the project area including review of previous exploration data from NTGS open file company reports, review of aeromagnetics, radiometrics and gravity surveys provided by NTGS and review of satellite imagery, ASTER imagery and Google Earth Imagery. From these reviews and as a result of NRE's data compilation for results, reports and mapping of the region, NRE has been able to define targets for a soil and rock chip sampling program which will subsequently be followed by a limited drilling program if successful.