EL 28662 Bootu Creek Manganese Project Annual Technical Report Year 2, 31 October 2012 to 30 October 2013

Abstract

Year 2 Exploration activity on EL 28662 included a ground geophysical survey, RC drilling (15 holes for 801m), aerial photograhy and access track maintenance. The objective of the 2013 exploration program on EL 28622 was to identify potential manganese deposits capable of replacing manganese resources being depleted by mining on the adjacent ML 24031. The 2013 strategy was to extend the previous Masai NW GAIP survey to the west, testing an apparent tightly folded and/or faulted structure observed in the recent high definition (15cm pixel) aerial photography, and to drill test 'chargeability' anomalies previously identified in the 2012 extended Looa Bore GAIP survey. The Masai West GAIP survey has confirmed a tightly folded-faulted structure with the potential to host a north-south striking, west dipping folded extension of the Masai deposit. Recent reconnaissance RC drilling near the western boundary of ML 24031 supports this interpretation with best intersections of 7m at 32.6 percent Mn (from 30m) and 4m at 27.4 percent Mn from 27.4 percent Mn (from 33m). The 15 hole RC drill program at Looa Bore, testing the potential northern projection of the Bootu Creek east limb manganese deposits, failed to intersect significant manganese mineralisation and downgrades this prospect potential. It is recommended that further RC drill testing of the interpreted fold-fault structure identified to the west of the northern extents of the Masai manganese deposit be undertaken in 2014.