Annual Exploration Report ELR 94 Redbank for the period 10 August 2015 to 9 August 2016

Abstract

Exploration Retention Licence 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 reporting period the company; Compiled all surface geochemical data from open file, company records, and internal company data; Digitised historical surface geology mapping from 1:4000 to 1:12,000 scale maps; Undertook an aerometrex 6m centred Digital Elevation Model, and 15cm centered RGB and CIR imagery; An MMP application for further drilling is ongoing from application in January 2016.