Exploration Philosophy.

Nimrod is exploring for world class ore bodies within the Thomson Orogen of New South Wales, Australia. The principal commodities of interest are gold and other precious metals in mineral deposit types that are likely to co-host base metals as well.

Nimrod has applied similar exploration principles as were used in the discovery of Olympic Dam (the largest metalliferous mine in Australia) and Carrapateena. This hinges off 25 years work by the company's founder in understanding the relationship between mineral deposits and lineaments and involved careful analysis of major lineament intersections which occur in the area and their impact upon surrounding geological structures. Two of the most prominent lineaments in Australia intersect in the area, resulting in the formation of a large basement rift - an environment favourable for the occurrence of Olympic Dam style iron-oxide-copper-gold (IOCG) and sedimentary exhalative (SEDEX) or sediment hosted mineralisation.

Exploration Program.

Nimrod has a group of 7 exploration licences with an area of approximately 892 km2 to the north of Bourke in central western New South Wales, Australia. The area falls within the Thompson Orogen and has been described by the Geological Survey of New South Wales as a new exploration frontier as a result of their aeromagnetic survey which has generated considerable interest amongst the exploration community. Location of the exploration project is shown in the map below.

Location Map.

The area has a covering of sediments generally between 200 m to 400 m in thickness on top of basement rocks in which mineral deposits are sought, and this has necessitated that we develop techniques suited to exploration within the area. Modern geophysical methods and specialized soil geochemical techniques have been employed, resulting in the location of 4 bull's-eye magnetic anomalies and a large anomaly at a location favourable for the occurrence of gold-platinum-palladium mineralisation.

Preliminary stratigraphic drilling has provided support for the presence of a basement rift within the tenements and recent work using geophysics (magnetics and ground gravity) as well as sophisticated soil geochemistry, has confirmed strong multi-element anomalies over both the bull's-eye targets and the area considered prospective to host gold-platinum-palladium mineralization. This has a multi-element soil anomaly associated with it and initial indications suggest this could be up to 40 sq km in area.

Sufficient work has now been carried out for these targets to be drilled. It is planned to commence a 4 hole drilling program in March 2013 and follow this up with a second larger drilling program later in the year.

All available evidence suggests that Nimrod's project near Bourke has the potential to host several ore bodies, some of which may be quite large, with two targets possibly being shallow enough for open cut mining.