2011 Annual Group Report, Burnside Exploration Project for period ending 15 January 2012

Abstract

Exploration activities conducted by Crocodile Gold and Thundelarra Exploration over the Burnside project during 2011 included a VTEM geophysical survey and interpretation, historical geophysics interpretation, RC and diamond drilling, the purchase of new satellite imagery as well as reconnaissance field visits. During the next reporting period exploration activities will include ongoing analysis and interpretation of geophysical data looking at identifying additional targets, following up with field reconnaissance and geological mapping. Crocodile Gold will also conduct a review of recent and historical drilling conducted at Iron Blow and Mt Bonnie with the aim of recreating wireframes and geological re-interpretation. A review and update of the Cosmo Deeps resource model will also be conducted using assay information from recent drilling. Thundelarra Exploration will continue work on the Thunderball and Lady Josephine uranium prospects.