EL 29831 Calvert Hills Project Annual Report 2 February 2014 to 3 September 2015

Abstract

Rockland Resources is primarily exploring for Proterozoic unconformity style uranium deposits and local variants similar to the Westmoreland Deposits. The main work undertaken has been compilation of geophysics, geology, geochemistry and drilling. Some integrated targeting has been completed along with a brief field reconnaissance visit. The Calvert Hills project covers a large area and situated in a remote location. Exploration is difficult since there is extensive cover masking any buried deposits. The sub-surface geology is similar to what occurs at Westmoreland Deposits (greater than 100 km to the east), however, uranium deposition has not been confirmed at the project and the basin architecture is potentially more complex. The company has decided not to further pursue the uranium targets at the project but has retained a portion of EL 29831 to assess the Vanadium potential at the Vanadis Prospect.