Year 3 Annual Report Unca Creek EL 28082

Abstract

NRE has conducted extensive office-based studies and field programs during the third term of the Exploration Licence. NRE conducted an initial site visit to identify viable locations for proposed drill collars, conducted a 2158m drilling program, soil sampling program and a resistivity-induced polarisation survey. Several copper intercepts were identified which represent the on-strike continuation of lodes currently being drilled with great success in Kentor Gold's Jervois copper-lead-silver deposit which is located in close proximity to NRE's Jervois Project. NRE believes that the Unca Creek Project offers the opportunity to delineate significant base metal mineralisation, positioned in a location close to Alice Springs which offers excellent logistics and access to infrastructure.