Carpentaria Exploration – Activities and Cash Flow Report ended 31 December 2013

Highlights

CORPORATE:
– Rights issue and placement raises $1.9 million

HAWSONS IRON PROJECT:
– Mining lease application lodged
– Simplification of mineral processing design, potentially lower costs
– Positive preliminary exploratory water bore drilling results

CENTRAL LACHLAN GOLD EXPLORATION
– New project expands CAP’s growing strategic gold portfolio in underexplored part of world class mineral province
– Very encouraging surface gold results at Advene
– Rock chips at 204g/t gold
– Soil anomaly indicates additional gold lode zone at Josephine Moulder East
– Gold anomaly identified over 2km and open along strike

BRAEMAR SOUTH PROJECT :
– Magnetite mineralisation exploration target for Braemar South
Project of 1.7 – 3.1bt (see below)

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Precious Metals Investment Symposium