Annual Report for the period 11 July 2016 to 10 July 2017 EL 29699 Bynoe

Abstract

Prior to the transfer of ownership of the tenement on 26th May 2016, Au Exploration did carry out exploration on the tenement during the current reporting year, however no detail of this activity has been provided to LRL (Aust). Au Exploration are known to have visited the location, and used portable XRF and radon gas analysers, as well as conduct geophysical image interpretation and petrographic examinations. Unfortunately, none of the results, outcomes or reports have been provided to LRL (Aust). In the previous reporting year LRL undertook assessment of the lease over two days. This field reconnaissance did locate the pegmatite targets. Further work including a high resolution airborne magnetic and radiometric survey, rock chip and soil geochemistry has been completed at these prospects in the current reporting year to provide targets for drill testing.