Annual Exploration Report ELR 94 Redbank for the period 10 August 2013 to 9 August 2014

Abstract

ELR 94 forms part of Redbank Copper Limited's, Redbank Copper Project the tenement is located 300km south east of the township of Borroloola near the northern Territory/Queensland border. The tenement covers a sequence of sediments and volcanics of the Tawallah Formation. The tenement is prospective for breccia pipe hosted copper mineralisation. Approximately 10 breccia pipes have been identified in the tenement. Sufficient work has been completed to calculated geological resources on two of the pipes Punchbowl and Roman Nose. Total resource is 27,200 tonnes of contained copper have been defined within the tenement. During the current reporting period the company reviewed previous drilling and submitted a MMP to complete a series of RC and diamond drill holes on advanced targets within the tenement. The MMP was submitted on the 6th January 2014. AAPC clearance survey was completed on the 21st May 2014, and the MMP was approved subject to payment of environmental bond on the6th August 2014. Due to the delay in getting the MMP approved no additional field work was completed on the tenement.