EL 29698 Bynoe, Second Annual Report for the period 11 July 2014 to 10 July 2015

Abstract

Exploration title EL 29698 was granted to AU EXPLORATION PTY LTD on 11 July 2013. During this second year period between 11 July 2014 and 10 July 2015, an obviously economic slow-down is present, especially in Australian mining industry. Au Exploration Pty Ltd has also encountered difficulty raising funds for its exploration. After contacting a number of companies in an effort to raise funds, interest has been expressed by a mining company in Beijing. A field reconnaissance has been carried out with the general manager, chief and senior geologists from the company. After the field visit, interest has been expressed by the company for co-operation in exploration for tin, tantalum and niobium mineralisation's associated with pegmatite in the area. A further field investigation has been carried out with radon measurement to target large pegmatites or massive greisen mineralisation underneath, as this technique has been successfully demonstrated in an Nb-Ta-Sn deposit in China. Unfortunately, the field investigation ended due to a problem with the radon analyser which would not clear the radon in the instrument after testing spots with high value radon. It resulted in the next samples being overprinted by the radon within in the instrument and the data not being of true value. A further investigation has been planned in the next exploration period. Also as the fund is limited, further exploration will focus on the most interesting expecting area. Au Exploration Pty Ltd would like to give up a total of 9 units and retain 10 units.