Group Annual Report GR279-13 ML 23825, ML 24429 and ML 25721, 2 May 2015 to 1 May 2016

Abstract

Mine project development and permitting for the proposed Molyhil tungsten and molybdenum project continued over the year. No exploration work was undertaken on the mining leases however target development has been undertaken in preparation for drill evaluation subject to availability of funding. A product off-take agreement has now been secured and once project funding has been obtained, the Molyhil Mine construction phase will commence. Exploration activity planned for the mining leases during forthcoming period will comprise pattern bedrock geochemistry drilling to assess identified targets.