OKATUMBA (EPL 4129) (Fe)

-  Iron Ore exploration has been identified as a priority at Okatumba EPL 4129

-  Analysis of remote sensing data initially identified Hammerhead as an anomalous structure and target

-  Hammerhead magnetic anomaly is discordant to regional stratigraphy

-  3 additional Fe prospects have been identified - Bronzy, Nail & Tack

-  Licence covers 100km2 - issued in June 2009

-  The licence area is located approximately 80kms from the coastline and 120kms from the Kunene River (country border) due north

-  Reconnaissance exploration on the Hammerhead prospect have confirmed the prospectivity of a very large scale, magnetite rich

  mineralisation zone on Hammerhead and the   neighbouring prospects

RHINELANDS (EPL 3840) (Cu)

-  Consists of a single granted Exclusive Prospecting Licence covering 185km2 and located approximately 400km north of Windhoek

-  Copper oxide mineralisation outcropping present over 9km of strike associated with the Rehderstal Fault System

-  Confirmed heap leach potential 90%+

-  Magnetic data suggests sub surface prophyry intrusive system >350m below surface

-  Historical diamond drilling returned 19.3m @ 1.53% Cu and 35.7g/t Ag from 25m, which indicates continuity of mineralisation at depth

PARESIS (EPL 4125) (Cu/Au)

-  Paresis is located immediately south of Outjo and covers 617km2

-  The Paresis Igneous Complex (PIC) is an alkaline volcanic caldera which is similar to the well know Erong Complex, the largest and best preserved anorogenic volcanic complexes in Southern Africa

-  The PIC is considered prospective for copper/gold porphyry mineralisation centred on the intrusive at depth

-  Previous exploration has identified 14 stream sediment anomalies within the project area which suggest mineralisation may be present at depth

HOARUSIB (EPL 4126, EPL 4127 and EPL 4128) (Rare earth/rare metals)

-  These licences areas cover 2964km2

-  Preliminary radiometric data suggests significant exploration targets - rare earths and base metals including Sn, Tu & W

-  Prospectivity of the area is enhanced by being along strike from known base metal deposits

-  The granite host rocks are along strike from known SEDEX base metal prospects, Rossing Uranium Mine, Uis tin segmatite swarm & Krantzberg tungsten

-  Limited exploration undertaken

OUTJO (ERL 135) (Polymetallics)

-  Outjo is prospective for a high grade polymetallic ore body similar to the nearby Tsumeb Deposit (2Mt Pb, 1Mt Cu, 500,000 Zn, Ag and other metals)

-  Outjo covers 6994km2 of highly prospective geology, however has not yet seen the application of modern exploration techniques

-  Historical exploration has identified multiple areas of anomalous mineralisation

-  The project is along strike of Tsumeb, and in a similar structural setting

-  Other significant mineralisation in the area includes the 1.9m ounce deposit at Otjikoto