olympic dam type copper gold project possible!

this mornings news a potential game changer for ERO.

> woomera prohibited area opened for exploration.
> ERO ground 70km north of olympic dam with an impressive gravity anomaly.
> exploration to resume as soon as application approved.

• Major advance for Billa Kalina IOCGU exploration with
announcement of the end of Woomera Prohibited Area (WPA)
Moratorium.
• ERO Mining now awaiting grant of Access Deed for Billa Kalina allowing on-ground exploration to commence.

On 5 October 2012, the Minister for Defence, Stephen Smith, with the Minister for Resources and Energy, Martin Ferguson, announced the end of the Moratorium period on new applications for minerals exploration access to the Woomera Prohibited Area (WPA). This long awaited and very positive development will allow the Company and its joint venture partner Maximus Resources Ltd (ASX:MXR) to immediately progress the application for a Deed of Access – Exploration at Billa Kalina (Figure 1). All documents required by the Defence Department for the assessment of our application have been lodged and the Company is hopeful that the offer of an Access Deed will be forthcoming in the near future.

The Billa Kalina Project is strategically located 70km north–northwest of the Olympic Dam copper-gold-uranium (IOCGU) mine, and 45 km east of the more recent discovery and mine development at Prominent Hill, South Australia. The project area is situated within the recently defined Amber Zone of the larger Woomera Prohibited Area (WPA). ERO is exploring for IOCGU deposits in the deeper basements rocks.

As soon as possible after grant of the Access Deed the Company will conduct a detailed ground gravity survey to confirm and better define the highly prospective Peeweena Dam gravity anomaly. There are currently no exclusions on access to the Peeweena Dam area (Amber zone of WPA) until mid-February 2013.