Annual Technical Report GR348 Jervios Domain Project EL 29579 8 March 2014 to 31 December 2014, EL 29580 8 March 2014 to 31 December 2014, EL 29581 8 March 2014 to 31 December 2014, EL 29669 22 April 2014 to 31 December 2014

Abstract

This is the first Group Reporting of Core Exploration's (CXO) Jervois Domain Project (GR348) comprising four exploration licences (EL's 29579, 29580, 29581 and 29669) which are held 100% by DBL Blues Pty Ltd a wholly owned subsidiary of Core Exploration Limited. Each of these tenements are now in their second year and were previously reported individually. As this is the first group report it covers the bridging period between individual tenement anniversaries and the nominated group-reporting period ending 31st December 2014. The project area is dominated by parts of the Aileron and Irindina Provinces as well as the Georgina Basin. The basement in the area consists of sedimentary and igneous rocks of the Aileron Province of Palaeo-Proterozoic age (1865-1500Ma). The rocks have been metamorphosed to upper green-schist to lower amphibolite facies during the Strangways Orogeny (1740-1690 Ma). During the second year CXO undertook the following activities: Reconnaissance field visits to the tenure that included visits to KGL's neighbouring Jervois Mine Project; Acquisition of 467.6 line kilometres of VTEM SuperMaxTM airborne electromagnetics; Established a partnership with CSIRO under the Research in Business Incentive; Preparation and lodgement of an EMMP to allow a 20 hole RC drilling program; and Organised Aboriginal Areas Protection Authority (AAPA) heritage clearances over the area flown by VTEM.