cr122748

EPM17789 (Lady Annie Regional) was granted on the 7th October 2011. The Tenement is held by Austral Resources Lady Annie Pty Ltd (ARLA) and is part of a larger contiguous tenure package around ARLA’s Lady Annie and Mount Kelly copper mines. During this reporting year ARLA has undertaken: • Target review by consultant geologist Glenn Beere. • Commenced collaborating with the Geological Survey of Queensland (GSQ) for two projects, both in the governments “strategic or critical minerals” project. a) The GSQ is currently reviewing all the collected drill hole samples that ARLA holds with a number of these to be reanalysed for “critical minerals”. b) The GSQ and University of Queensland are undertaking a study of cobalt in mine tailings at copper mines. The material from Austral Resources Mt Kelly mine is one of the sites in this study.