Annual Exploration Report ELR 94 Redbank for the period 10 August 2014 to 9 August 2015

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. One RC drillhole (REDRC8) was completed for 120 metres at Punchbowl with 35m @ 0.46% Cu from 33m intersected in the oxide zone.