Four new prospecting licences covering approximately 3,000 square kilometres were granted in February 2012.  These licences, which became active on 1 April 2012, are strategically located and are estimated to contain at least 250 kilometres of the prospective horizon which is located at the contact of the Ngwako Pan Formation and the D’kar Formation.  These Prospecting Licences include one area where previous exploration work by other parties identified a zone of anomalous copper in soils extending along approximately 10 kilometres of the prospective horizon in the Aphrodite prospect.  This copper anomalous zone has not been drill tested and represents an immediate drill target.

Community consultations have been conducted with stakeholders in the area, prior to beginning an RC drill program in the Hades and Asteria prospects.  An initial 18,000 metre RC drill program is planned to identify the position of the target horizon, and gather geochemical data beneath up to 70 metres of Kalahari Sands cover.  The program is planned to begin in Q3 of 2012.  

Aphrodite and Tartarus

Soil sampling in the Aphrodite and Tartarus areas began in May 2012.  These areas are at the northern end of the new Prospecting Licences, north-east and east of Ghanzi.  A total of 7,681 samples have been collected, 6,903 in Aphrodite and 778 in Tartarus.  Assay results from these samples are expected in the Q4 of 2012.