Southern Gawler Ranges Project. This Report has been prepared by Terramin Australia Ltd on behalf of Menninnie Metals Pty Ltd (a 100% subsidiary of Terramin Australia Ltd). The Southern Gawler Ranges Project forms the eastern part of the Gawler Ranges Project, which comprises 18 tenements covering a total area of 8958 km2 in northern Eyre Peninsula, South Australia. The tenements are grouped into two sub-projects for the ease of reporting: - The Menninnie Project, comprising 5 tenements covering a total area of 2102 km2 (EL 6064, EL 5816, EL 5453, EL 5925 and EL 5949), - The Southern Gawler Project, comprising the remaining 13 tenements covering an area of 6856 km2. The area is noted for its Pb-Ag-Zn, Ag, Cu-Au, U and Sn occurrences particularly in the Menninnie area, while the southern Gawler Ranges area is noted for its IOCG potential. During the first year of joint reporting for the Southern Gawler Ranges Project, exploration activities were limited to a regional geochemical surface sampling program, a gravity survey, modelling of geophysical data, the preparation of samples for textural and geochemical investigations, and the promotion of the project for potential farm-in opportunities. The gravity survey was undertaken by Daishsat Geodetic Surveyors and saw the collection of readings from 2720 stations. Integrated analysis of magnetic and gravity data was undertaken by Adelaide Mining Geophysics (at local scale) and by Archimedes Consulting (at a regional scale). The regional geochemical sampling saw 1244 samples collected and submitted for geochemical analysis (samples included rock and float samples, soil, lag, alluvial material, and some spoil material). Field investigations of known epithermal vein and breccia locations, along with key regional geological locations were undertaken by the company in conjunction with visits from geoscientists investigating the potential for a Joint Venture partnership.