PROPOSED PROSPECTING RIGHT APPLICATION ON PORTION 09 AND 13 OF THE FARM RESERVE NO.12 15832-HU IN THE MAGISTERIAL DISTRICT OF NONGOMA IN THE KWAZULU NATAL PROVINCE: KZN30/5/1/1/2/11125 PR

Ten (10) exploration boreholes will be drilled, each up to a depth of approximately 500 m are planned for the five years period; however, a 20% additional or retention of boreholes may be necessary depending on the new geological information gathered during the initial stages of the drilling programme.