Combined Annual Exploration Report Rover Project EL 24541, EL 25511, EL 27039, ELR 29957 and ELR 29958 year ending 7 March 2014

Abstract

No major on the ground exploration activities were completed for the year ending 7 March 2014. Advance stage targeting was conducted throughout the field to investigate any relationships from all data sources. This has highlighted multiple targets for follow-up IP and drill testing including the Explorer 120 target and Explorer 108 region. All IP data including reports were received from the geophysicist, which were utilised in most targeting exercises. The IP modelling has led to generated targets through the Explorer 108 region, however did not highlight any significant anomalies through the Navigator field associated with a large linear NW striking EM anomaly. Additionally Castile advanced exploration decline studies for the Rover 1 Project inclusive of submission of the Rover 1 Decline Proposal to the Northern Territory Department of Resources. Recently, EL 24989 and two blocks of EL 24541 covering the Rover 1 deposit were transferred into ELR 29958 and ELR 29957 (Exploration Licence in Retention). This represents a significant step toward further development at Rover 1.